Telefonica Deutschland : Expect continued growth of 3-4% in Q2 2023
>We adjust our FCF estimates for higher working capital and leases - We forecast sales of € 2,059m, up 3,5% y-o-y, a pace broadly in line with Q1 2023. This includes 3-4% growth in mobile service revenues, helped by 300,000 contract additions (including MVNO partners 1&1 and Freenet). We forecast 3% growth in adjusted EBITDA (‘OIBDA’). As a result, the company should be on track to grow FCF in 2023, thanks to EBITDA growth and lower capex, and cover dividends as plann...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.
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