Report

Telefonica Deutschland Holding AG : Good Q4 but slowdown in retail, 2019 guidance 2% lower than consensus, tension on the dividend in prospect

>Revenues and OIBDA higher than forecast in Q4 - Telefonica Deutschland reported better than expected 2018 revenues, up 0.3% at € 7.32bn (Oddo BHF: € 7.28bn, -0.2%; css: € 7.247bn, -0.7%) and adjusted OIBDA (excluding exceptionals only) 1.7% better than expectations and up 2.4% to € 1.884bn (Oddo BHF: € 1.878bn; css € 1.853bn). In IAS18, TEFD achieved the top of its guidance range for OIBDA. As expected, the group indicated that it had achieved its synergy plan with €...
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.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch