There is no doubt, we have entered the period in which all teleco announce their results for the first quarter of the year. The first to do so was Orange, then MásMóvil followed and now it is the turn of Telefónicawhich started 2023 the same way it closed 2022: growing in all markets.
Globally, the Spanish company has achieved some revenue of more than 10,000 million euros in these first three months, which represents an increase of 6.7% compared to the same period of the previous year. In addition, its customer base has grown by 4% between January and March.
The benefit, however, has been reduced
In the first quarter of 2023, Telefónica has obtained revenues of 10,045 million euros, 6.7% more than in the same period of the previous year. This growth, however, has not been the same in all markets.
In the case of Spain, revenues have risen by 0.3%, to the 3,088 million euros, while Germany has grown by 8%, to 2,101 million euros, and Brazil, by 17.5%, to 2,282 million euros. The United Kingdom, for its part, has achieved income of 2,947 million euros.
“Despite the inflationary environment,” says the operator, its OIBDA stood at 3,121 million euros at the end of March (also thanks to favorable exchange rates) and has reduced net debt up to 26,443 million euros, 3.5% lower than that of a year earlier.
The company has particularly highlighted the good performance of Telefónica Tech, the B2B segment and Telxius, Telefónica’s submarine cable business.
With all this, in this period, net profit has been 298 million euroswhich represents a fall of 57.9% compared to the 706 million of the previous year.
Regarding the customer base, Telefónica has grown by 4% and has already reached 383.6 million lines. The increase in fiber accesses (+16%) and mobile contract accesses (+7%) is particularly noteworthy.
If we talk about fiber deployment, it already has a total of 168.9 million real estate units passed, 4% more than a year earlier. Of all of them, 66.6 million (+15%) are through Telefónica’s own fiber networks. In addition, during this quarter, it has launched 5G SA in Brazil and plans to launch it in the United Kingdom, Germany and Spain throughout 2023.
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