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Telefonica Deutschland 9-month Loss Widens

Telefonica Deutschland Holding AG (TELDF.OB,TFTHF.OB) reported that its net loss for the nine-month of 2019 widened to 180 million euros, from 123 million euros in the same period of the prior year.

Operating Income before Depreciation and Amortisation (OIBDA) adjusted for exceptional and regulatory effects were 1.384 billion euros based on IAS 17, up 0.8% from last year.

Revenue was 5.429 billion euros in the first nine months of 2019, an increase of 1.4% year-on-year helped by continued strong demand for handsets and further improving MSR performance. Excluding negative regulatory effects, revenue rose 2.1% year-on-year to 5.468 billion euros.

The company re-iterated its full-year 2019 outlook. It expects continued positive momentum in trading and total revenue, depending on the commercial environment in the fourth-quarter.

The company said it continues to push ahead with LTE rollout and will install around 10,000 new LTE sites throughout 2019 alone.

The company reiterated its transformation goal of capturing an additional 600 million euros of gross OIBDA between 2019 & 2022, including growth and efficiency gains.

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