Telefonica S.A.NYSE
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  • Feb. 27, 2014, 3:22 AM
    • Telefonica's (TEF) Q4 net profit more than tripled to €1.45B ($1.98B) from €473M a year earlier, when earnings were hit by hefty write-downs. The latest figure topped consensus of €1.16B.
    • Sales declined 8.9% to €14.43B vs expectations of €14.3B, with the fall partly due to revenue lost from asset sales and currency fluctuations in Latin America.
    • Operating profit before depreciation and amortization fell 8.7% to €4.98B but exceeded forecasts of €4.91B.
    • Latin American sales +9.6%, Europe -8.6%, again hurt by a price war in Spain.
    • Debt fell to €45.4B from €46.1B at the end of Q3 and came in below Telefonica's year-end target of €47B.
    • Telefonica left its dividend at €0.75 a share, which it will pay in shares and cash. (PR)
    • Telefonica's earnings come after it yesterday unveiled a €1.5B cost-savings program.
    | Feb. 27, 2014, 3:22 AM
  • Feb. 28, 2013, 4:12 AM
    Telefonica (TEF): Q4 net profit -82% to €473M, with Venezuela's currency devaluation hurting earnings by €417M. Debt -€5B to to €51.3B, plans to cut debt to €47B in 2013. To pay cash dividend of €0.75 a share. (PR)
    | Feb. 28, 2013, 4:12 AM