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Telefónica earns 706 million as of March and grows revenue across all of its markets

Telefonica has registered profit Net of 706 million euros as of March, down 20% from the same period last year…

By admin , in news , at May 12, 2022

Telefonica has registered profit Net of 706 million euros as of March, down 20% from the same period last year due to the circumvention change, but it has managed to increase revenue in all of its markets.

The operator has billed 10,883 million euros, which includes its 50% stake in the subsidiary. United Kingdom Virgin Media O2, which represents an overall increase of 3.2%, driven by double-digit growth in this item in Brazil (18.1%) and Hispam (10.9%), according to accounts published this Thursday in the National Securities Markets Commission. cnmv).

without the extraordinary

Similarly, the operating result before amortization (OIBDA) was EUR 3,753 million, up 2.1%, notably due to the fact that hispam He has shot his Oibda by 50%.

This improvement in indicators is partly due to the fact that exchange rate effects have been favorable for Telefónica, in contrast to recent years, adding 242 million euros in sales and 95 million pairs in sales. oibada,

The annual comparison will predictably be marked by a lack of exceptional events such as this year’s sale of towers telxius or with the creation of a subsidiary Freedom In the United Kingdom, that historically increased profit in the second quarter.

By geography, Spain contributed 28% of the revenue and Oibda 30%, while hispam This has accounted for 20% of the turnover before depreciation and 16% of the operating result.

Brazil and Germany both billed 18% of the group’s total, while their contributions to operating results have been 21% and 16%. for its part, United Kingdom Contributed 14% of the income and 15% of OIBDA.

geopolitical tension

President of Telefonica, Jose Maria Alvarez Palettehighlighted the company’s “solid start to the year” in a “scenario of inflationary tensions and geopolitical instability”.

“Once again, it is confirmed that strategic plan The group is right and represents a valid and strong roadmap to be able to continue to provide the best service to our customers”, underlined the manager.

Confirms that the Group’s strategic plan is accurate and represents a valid roadmapJose Maria Alvarez Palette, Telefónica . President of

For his part, the CEO, Angel Vilashas highlighted some of the actions of the quarter such as the purchase of British Incremental, OE’s operation in Brazil which will report 1,000 million euros in synergies or the agreement signed with Dazen to broadcast the entire LaLiga.

The operator closed the quarter with an access base of 368.3 million, up 1.1% over a year ago, with a 20% increase in subscribers fiber and 4.3% of mobile contract customers.

Telefónica earns 706 million as of March and grows revenue across all of its markets

2022-05-12 05:38:37