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Telefonica slows fall in underlying revenues to 1% in Q1, net profit improves

Thursday 13 May 2021 | 08:51 CET | News
Telefonica more than doubled its net profit in the first quarter, to EUR 886 million from EUR 406 million a year ago, thanks to lower interest charges and depreciation. Underlying results also improved, with organic OIBDA up 0.3 percent and revenues down just 1.3 percent, less than the previous quarters. The company said the results put it on track to meet its full-year outlook for stabilising underlying revenues and OIBDA.

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Categories: General
Companies: Telefonica
Countries: Latin America / Spain
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Related Info

Telefonica Germany sees revenues, OIBDA increase in Q1, confirms FY outlook
12 May | Germany | News
Telefonica re-elects Alvarez-Pallete CEO for new 4-year term, revamps logo
23 Apr | Spain | News
Telefonica unveils 'NextDefense' cybersecurity services brand
17 Mar | Spain | News
Telefonica sells 50% of Brazil fibre network to Canada's CDPQ
3 Mar | Brazil | News
Telefonica, Allianz JV plans to build over 2 million FTTH connections in rural areas in 6 years
2 Mar | Germany | News
Telefonica Brasil to distribute BRL 5.4 billion in interest and dividends
1 Mar | Brazil | News
Telefonica meets target for nearly stable FY cash flow, sees lower div in 2021 as capex resumes
25 Feb | Europe | News
Telefonica sells 60% of Chile fibre network to KKR for USD 1 bln, creates wholesale newco
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