TIM said it now forecast a low- to mid-single digit growth for its organic service revenues in the 2022-2023 period, versus a previous forecast for a low single digit growth
Billings growth, the German company's preferred top-line metric, grew around 15% in the second quarter on a reported basis and by 18% at constant currencies
"We expect a rebound in the company's earnings and credit metrics in 2021, with EBITDA likely to exceed AED8 billion (dirhams) and funds from operations (FFO) to debt to improve to about 30%," S&P said.
"Market conditions are going to be very favourable, there's a lot of money around and people want to go out, socialise, travel again," Brian Duffy said in an interview on Thursday.
"We are encouraged by the outlook, and management have a track record of prudent guidance," Barclays analysts said in a note, upgrading their price target to 825 pence from 625 pence.
He said the next phase of his strategy would focus on driving shareholder returns through deleveraging, improving the return on capital, and committing to its dividend.
"They nonetheless create a degree of uncertainty regarding GEMS' ability to increase tuition fees consistently in the future, which may further slow down its deleveraging trajectory," Moody's said.
The agency estimates GEMS generates around three quarters of its revenue in Dubai and Abu Dhabi, the economies of which have suffered from restrictions to stem the spread of the coronavirus.
Bombardier said its flagship Global 7500 jet, which lists for $75 million, is expected to be the company's biggest contributor to EBITDA over the next five years, as production costs decline.
Bombardier said it expects to grow its aftermarket services from roughly 18% of revenue in 2020 to 27% by 2025.
On a reported basis, fourth quarter revenue rose 29.3% to 27.6 billion euros, ahead of expectations in a company poll of analysts of 27.2 billion euros.
Revenue fell 20% to 2 trillion roubles while earnings before interest, taxes, depreciation, and amortisation (EBITDA) dropped 42% to 415.4 billion roubles, the company said.