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General

Telefonica Q1 sales up 12.6% on growth in Brazil, Germany

Thursday 14 May 2015 | 08:44 CET | News
Telefonica reported an improvement in first-quarter results with revenues up 12.6 percent to EUR 11.543 billion. Organic growth of 3.3 percent was supported by better results in Brazil, the takeover of E-Plus in Germany and improving trends in Spain. The drop in sales in Spain slowed to 3.8 percent in the first quarter, while Germany grew by 2.9 percent, Brasil was up 4.3 percent and the rest of Latin American advanced 9.7 percent on an organic basis. Telefonica's OIBDA rose 7.7 percent to EUR 3.618 billion,led by 14.5 percent organic growth in Latin America and a 9 percent pro forma increase

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Categories: General
Companies: E-Plus / Telefonica
Countries: Latin America / Spain
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