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General

Telefonica posts Q2 organic sales up 1.3%, maintains outlook

Thursday 31 July 2014 | 08:26 CET | News
Telefonica reported second-quarter revenues down 11.8 percent year-on-year to EUR 12.73 billion, hurt by continued weakness in its home market, divestments, exchange rates and regulatory effects. OIBDA fell 15.0 percent to EUR 4.13 billion, giving a margin of 32.4 percent. Excluding the sale of its Czech and Irish operations, Telefonica's organic revenues rose 1.3 percent, and OIBDA was down 0.7 percent. While revenues in Spain were still down 9.1 percent, the UK grew by 0.1 percent on an organic basis, Brazil was up 1.0 percent and the rest of Latin America increased revenue 11.3 percent.

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Categories: General
Companies: O2 / O2 Ireland / Telefonica
Countries: Latin America / Spain
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