Saturday, 18 November 2017

Telefonica Q1 revenue, earnings hit by currency weakness

By Nick Wood, Total Telecom
Friday 29 April 16

Spanish incumbent upbeat on underlying growth, but net debt creeps above €50 billion.

Telefonica on Friday said its first-quarter revenue and earnings were hit by currency headwinds from Latin America; however, underlying growth was strong. The Spanish incumbent generated revenue of €10.78 billion during the three months to 31 March, down from €11.54 billion in the same period a year earlier, but up 3.4% organically. Operating income before depreciation and amortisation (OIBDA) fell 6…

Telefonica on Friday said its first-quarter revenue and earnings were hit by currency headwinds from Latin America; however, underlying growth was strong. The Spanish incumbent generated revenue of €10.78 billion during the three months to 31 March, down from €11.54 billion in the same period a year earlier, but up 3.4% organically. Operating income before depreciation and amortisation (OIBDA) fell 6…

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