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Telefónica announces Q1 2019 results

Financial results News - Published on Mon, 13 May 2019

Image Source: wikipedia.org
José María Álvarez-Pallete, Chairman and Chief Executive Officer, said "We have started the year by extending our leadership in fibre and 4G deployment, testing new 5G capabilities and making progress in the UNICA virtualisation programme, allowing us to continue gaining customer relevance through better experience and higher average lifetime.
The first quarter results showed a significant improvement in revenue growth trends and double-digit growth in net income and earnings per share. Strong cash generation, which was three times higher than the figure reported in the first quarter of the previous year, allowed for an acceleration in debt reduction, for the 8th consecutive quarter, further strengthening our balance sheet. As a result, we reiterate the dividend and guidance announced for 2019”.

Highlights

Revenues accelerated their growth and totalled EUR 11,979 million, an organic increase of +3.8% (-1.7% vs 1Q18). All regions show organic growth. OIBDA reached EUR 4,264 million (+10.3% vs 1Q18; +1% organic).

OIBDA margin stood at 35.6% and increases 3.9 p.p. vs March 2018 (-0.9 p.p. organic).

Telefónica tripled YoY cash generation in the first quarter, up to EUR 1,408 million.

Net debt decreased for the 8th consecutive quarter up to EUR 40.377 million ex leases. Including post-closing events debt stood at around EUR 38.7 billion.

Telefónica reiterates its guidance and dividend announced for 2019. Net income per share grows 33.8% in the quarter (EUR 0.16).

The company confirms its leadership in fiber, with a 63% penetration and close to 52 million premises passed with its own FTTx/Cable network.

Source :

Posted By : TelecomGuru on Mon, 13 May 2019
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