Telefónica: Q1 net profit E706m
(CercleFinance.com) - Telefónica has published Q1 sales of 10.
8 billion euros, up 3.2% y-o-y, in particular driven by 18.1% growth in Brazil.
Operating income before interest, tax, depreciation and amortisation (OIBDA) increased by 2.1% to 3.75 billion euros, while net profit reached 706 million euros.
"Telefónica's solid start to the year against a backdrop of inflationary tensions and geopolitical instability is evidence of the company's strength in facing the most adverse situations. Once again, it confirms that the Group's strategic plan is right and represents a valid and robust roadmap to continue providing the best service to our customers," said José María Álvarez-Pallete, company Chairman and CEO.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
8 billion euros, up 3.2% y-o-y, in particular driven by 18.1% growth in Brazil.
Operating income before interest, tax, depreciation and amortisation (OIBDA) increased by 2.1% to 3.75 billion euros, while net profit reached 706 million euros.
"Telefónica's solid start to the year against a backdrop of inflationary tensions and geopolitical instability is evidence of the company's strength in facing the most adverse situations. Once again, it confirms that the Group's strategic plan is right and represents a valid and robust roadmap to continue providing the best service to our customers," said José María Álvarez-Pallete, company Chairman and CEO.
Copyright (c) 2022 CercleFinance.com. All rights reserved.