logo
Plus   Neg
Share
Email

Telefonica Deutschland Q1 Loss Narrows, Backs FY20 View

Germany's Telecom company Telefonica Deutschland Holding AG (TELDF.OB,TFTHF.OB) Wednesday posted a reduced loss for the first quarter with 3.8 percent growth in revenues, and said it is confirming its guidance for fiscal 2020 across all metrics while closely monitoring COVID-19 impacts.

The Group's net loss in the first quarter narrowed to 44 million euros from last year's net loss of 107 million euros.

Meanwhile, underlying OIBDA before exceptional effects edged up 1.6 percent to 532 million euros, driven by the flow-through from MSR and fixed revenues. Underlying OIBDA margin stood at 28.8 percent in the quarter.

For the first quarter, the Group's revenue rose by 3.8 percent to 1.846 billion euros, with sustained trends across all revenue lines. Mobile service revenue grew 2.4 percent to 1.311 billion euros and Handset revenue grew 7.7 percent to 339 million euros on continued strong demand for high value handsets.

Meanwhile, Fixed-line revenue witnessed 6 percent growth to 193 million euros, supported by retail customer base growth on the back of strong VDSL demand.

Looking ahead to the fiscal 2020, the Group continues to expect revenue growth of flat to slightly positive (+3.8 percent) and underlying OIBDA to be broadly stable to slightly positive (+1.6 percent).

In addition, Telefonica Deutschland said it has invited shareholders to its first virtual AGM on May 20, to resolve upon the announced dividend proposal of 0.17 euros per share for the financial year 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
RELATED NEWS
Follow RTT