Report

Telefonica : Q1 in line, strong in the UK and Brazil, less so in Germany and Spain mixed

>Published figures in line when adjusted for one-off items - Revenues in line with expectations: revenues at the upper end of the range, down 1.7% to € 11.98bn (consensus: € 11.86bn and Oddo BHF: € 11.9bn), +3.8% y-o-y organic driven by the UK (+3.4% organic) and Brazil (+3.1%). OIBDA 10% ahead of forecasts, in line when adjusted for one-off items: as is often the case with Telefonica, the figures are much higher than forecast on a reported basis but when adjuste...
Underlying
Telefonica SA

Telefonica is engaged in the provision of public or private telecommunications services, including ancillary or complementary telecommunications services or related services. Co.'s fixed business includes: traditional fixed telecommunication services, Internet and broadband multimedia services, data and business-aplications services, and wholesale services for telecommunication operators. Co. also provides a range of mobile and related services and products to consumer and business customers, including mobile voice services, value added services, mobile data and Internet services, wholesale services, corporate services, roaming, fixed wireless, and, trunking and paging.

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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