UPDATE 1-Telecom Italia Q1 profit down, expects profit recovery

Reuters

... * EBITDA down 8.4 pct to 2.20 bln euros vs consensus 2.21 bln. * Revenues down 11.9 pct to 5.19 bln euros vs consensus 5.22 bln. * CEO says results in line with plans and targets. * Says company expects "progressive acceleration" in recovery (Add