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General

Telefonica returns to organic sales growth of 0.5% in Q2

Thursday 25 July 2013 | 08:55 CET | News
Telefonica reported a return to organic revenue growth in the second quarter, while reported results continued lower following a range of divestments. Organic revenue was up 0.5 percent year-on-year, led by the Latin America, where growth accelerated to 10.4 percent. Telefonica's European activities also limited the revenue decline to 8.8 percent year-on-year. OIBDA was still down 0.7 percent on an organic basis, despite a range of cost reductions. On a reported basis, revenues fell 6.8 percent to EUR 14.42 billion, OIBDA declined 9.3 percent to EUR 4.85 billion, and the margin dropped 0.9

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