TI would have made a net profit of €1.5B had it not been for a €2.2B goodwill charge taken in H1.
Consolidated revenue declined an organic 5.2% to €23.4B.
EBITDA fell €804M to €9.7B.
Will offer to repurchase €500M in bonds.
Net debt drops €1.5B to €26.8B.
TI will pay a dividend of 0.0275 ($0.038) a piece on savings shares but nothing on ordinary shares.
Shares are -1.2% in Milan. (PR)