Report

Telefonica : Deleveraging, operational confidence, possible share buybacks and conservative guidance: a whole raft of good news

>Results 2% ahead of forecasts - Sales 0.8% above forecasts: sales at the top end of the range, down 6.3% to € 12.14bn (cc: € 12.05bn and OddoBHF: € 12.08bn), +2% year-on-year organically, driven by the UK (+5.6%), HispAm Sur (+8.7%), Brazil (+0.5%) and Spain (+0.3%), partially offset by Germany (-1.2%).OIBDA 8.3% above forecasts, 2% higher after one-offs: OIBDA rose by 1.9% to € 4.24bn (css: € 3.91bn, OddoBHF: € 3.92bn) and by 4.1% year-on-year organically thank...
Underlying
Telefonica Deutschland Holding AG

Telefonica Deutschland Holding is a telecommunication company. Co. offers its consumer retail and business customers postpaid and prepaid wireless communications products, along with wireless data services using Global Packet Radio Service, Universal Mobile Telecommunications System and Long Term Evolution technology as well as Digital Subscriber Line wireline telephony and high-speed internet services. Co. markets its products and its wireless and wireline communications products as well as services via the core brand O2. Co.'s secondary brands include the brands Fonic and netzclub. Co. also markets high-speed DSL internet access and wireline telephony.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Matthias Desmarais
  • Matthias Desmarais

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