logo
Plus   Neg
Share
Email

Telefonica Deutschland H1 Loss Narrows, OIBDA Down; Confirms FY20 View

German telecom company Telefonica Deutschland Holding AG (TELDF.OB,TFTHF.OB) Wednesday reported that its first-half net loss was 62 million euros, narrower than last year's loss of 157 million euros.

The operating loss was 30 million euros, compared to prior year's operating loss of 131 million euros.

OIBDA amounted to 1.09 billion euros, down 1.9 percent as revenue flow-through was offset by higher supply volumes as well as COVID-19 impacts.

Revenue totaled 3.64 billion euros, a growth of 2 percent. Excluding combined special factors, operational revenue trends are intact and posted 3.8 percent growth.

In the second quarter, OIBDA fell 5.1 percent from last year to 552 million euros, while revenue edged up 0.3 percent to 1.79 billion euros.

As of June 30, Telefonica Deutschland's mobile customer accesses reached 43.5 million, up 0.7 percent from last year.

Looking ahead, the company confirmed its financial outlook for fiscal 2020 for revenue and OIBDA while anticipating C/S to be below the initially envisaged 17-18 percent.

The company said it is continuously monitoring & analysing COVID-19 impacts.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tour operator TUI AG Tuesday said Summer 2020 and Winter 2020/21 capacity reduced as a result of recent volatile changes in travel restrictions amid Covid-19 pandemic. The company further announced the launch of Global Realignment Programme, aiming to permanently reduce overhead cost base by 30%. The program potentially impacts 8,000 roles. Home improvement retailer Lowe's Companies Inc. plans to install pickup lockers at all U.S. stores aiming to improve contactless delivery for online buyers amid worsening Covid-19 spread. The "Buy Online Pickup in Store" self-service lockers at its more than 1,700 stores will be available by the end of March 2021. In most major metro markets, the online pickup option will be installed by Thanksgiv Chevrolet, a General Motors division, announced several new mechanical and technological updates for the 2021 model of its fast selling Chevrolet Silverado 1500 light duty pickup trucks. The 2021 Silverado 1500 will begin production in September and arrive at Chevrolet dealerships throughout fall 2020.
RELATED NEWS
Follow RTT