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Telefonica S.A. (TEF)

  • Thu, Jul. 30, 8:45 PM
    • Telefonica (NYSE:TEF) shares had a lackluster performance today in U.S. trading, -0.3% on heavier-than-average volume, after posting second-quarter sales that beat analyst estimates and raising guidance on revenue growth for the remainder of the year.
    • Profits doubled to €3.7B (just over $4B) on revenues of €11.88B ($13B). Revenue stabilized in Spain in May and June, for the first time since December 2009, and will return to growth, the company said. Telefonica Brasil (NYSE:VIV), meanwhile, showed revenue growth acceleration and the German business is showing benefits from the e-Plus integration, with 12.5% organic OIBDA growth.
    • The company sees revenue growth for the full year at greater than 9.5%, up from a 7% previous estimate. New dates for incorporating GVT (in Brazil) and DTS (in Spain) are adding 1.8 percentage points to growth estimates.
    • However, the incorporations mean full-year OIBDA margin will likely dip by 1.2 percentage points, it said, greater than the 1 point previously forecast.
    • Press Release
    | Thu, Jul. 30, 8:45 PM | Comment!
  • Thu, Jul. 30, 4:59 AM
    • Telefonica S.A. (NYSE:TEF) reports 1H15 net profit of €3.69B,EPS of $0.75
    • 1H15 revenue at $23.42B up 12.5% boosted by mobile data.
    • The company raises revenue guidance to > 9.5% from > 7%.
    • Press Release
    | Thu, Jul. 30, 4:59 AM | 1 Comment
  • Thu, May 14, 9:45 AM
    • Telefónica (NYSE:TEF) is 0.8% lower after posting Q1 revenues that missed expectations despite a strong Y/Y gain, and profit nearly tripled after the company took a one-time gain for the sale of O2's British operation to Hutchison Whampoa.
    • Revenues of €11.543B (up 13%) were boosted by last year's acquisition of rival E-Plus in Germany, but fell short of an expected €11.74B, while operating income rose 7.7% to €3.62B. Net income of €1.8B was up 162% chiefly due to €1.2B of recognition of tax-deferred assets from selling O2 in Britain.
    • Economic growth in Spain (its biggest market) is allowing it to raise prices, which has crimped profitability there, but Telefonica expects to start expanding in country again. Revenue in Spain fell 3.8% and analysts were disappointed by the slow performance there.
    • The O2 sale proceeds are already targeted to cut Telefónica's debt from a quarter's-end €45.6B toward a target of about €31.7B.
    • Previously: It's official: Telefonica selling O2 for $13.8B-$15.3B (Mar. 24 2015)
    | Thu, May 14, 9:45 AM | 3 Comments
  • Fri, Jan. 30, 9:30 AM
    • BT Group (NYSE:BT) fiscal Q3 revenues slipped a bit year-to-year -- off 2.6% to £4.48B -- though pretax profits were up to £814M from the prior year's £617M as the firm cut operating costs 3%.
    • The company also pointed to free cash flow that rose to £908M, a 64% gain. EBITDA was up 2%.
    • Segment revenue: BT Global Services, £1.69B (-8%); BT Business, £789M (-2%); BT Consumer, £1.08B (+7%); BT Wholesale, £532M (-10%); Openreach, £1.26B (-1%).
    • BT's getting closer to its acquisition of EE, the UK's largest mobile operator, and the combination of the kingdom's biggest mobile firm and biggest broadband firm is spurring deals and consolidation among competitors like O2 (NYSE:TEF) and Hutchison Whampoa.
    • BT's pension deficit is a source of concern: At £7B, it's on pace to have doubled over just the past four years, and the company will need to pay in £1.5B by April and another £0.5B over three years to shore it up.
    | Fri, Jan. 30, 9:30 AM | Comment!
  • Nov. 12, 2014, 7:02 AM
    • Telefonica (NYSE:TEF): Q3 Net Income of €947M
    • Revenue of €13.02B (+2.8% Y/Y)
    • Press Release
    | Nov. 12, 2014, 7:02 AM | 1 Comment
  • May 9, 2014, 4:24 AM
    • Telefonica's (TEF) Q1 earnings missed analyst expectations as net profit slumped 23% to €692M ($957.5M), hurt by forex turmoil in Latin America, declining revenues, and the sales of the telecom carrier's Czech business last year.
    • Revenue fell 14% to €12.2B, with sales in Spain dropping 8.2%, in Germany 8.8% and in the U.K. 0.3%. In Latin America, where Telefonica has two-thirds of its customers, revenue tumbled 18% in Brazil and 13% in the rest of the region.
    • Operating income (OIBDA) dropped 14% to €3.93B.
    • Telefonica reiterated all of its operational and financial guidance for 2014.
    • Shares are -3% in Madrid. (PR)
    | May 9, 2014, 4:24 AM | 1 Comment
  • 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 | Comment!
  • Nov. 8, 2013, 5:14 AM
    • Telefonica's (TEF) Q3 net profit dropped 21% to €1.09B ($1.46B) and slightly topped expectations, while revenue declined 10% to €14.1B.
    • Earnings were hurt by forex fluctuations, with sales in Latin America climbing 11% in local currencies but tumbling 6.8% in euros. The divestiture of assets also hit Telefonica's numbers.
    • In Spain, revenue from fixed and mobile lines slid 8.8%, although operating margins significantly increased.
    • Debt fell to €46.1B from €48.6B in Q2, with Telefonica's loan-cutting program head of plan.
    • Shares are +3.9% premarket. (PR)
    | Nov. 8, 2013, 5:14 AM | Comment!
  • Jul. 25, 2013, 4:58 AM
    Telefonica (TEF): Q2 net profit -13.1% to €1.15B but above consensus of €1.05B. Sales -6.8% to €14.4B. In Latin America, Telefonica's top growth market, revenues +0.1% to €7.45B. Brazil revenues -3.9% in euros, +3.1% in reais. European sales -11% to €6.71B, with declines in all markets, particularly significantly in Spain. German sales -6.2%. (PR)
    | Jul. 25, 2013, 4:58 AM | Comment!
  • May 8, 2013, 1:40 PM
    Investors are taking Telefonica's (TEF - unchanged) Q1 report in stride. The carrier saw revenue decline 8.8% Y/Y €14.1B, as European weakness (esp. in Spain) and Venezuela's currency devaluation offset Latin American growth. Net profit rose 21% Y/Y to €902M, and EPS was €0.20 ($0.26). LatAm made up 51% of revenue, and Brazil passed Spain to become Telefonica's largest market. Net debt fell by €653M Q/Q to €51.2B, as debt-reduction efforts continue. Postpaid net adds rose by 1.3M, and total connections +2% Y/Y to 315.7M. Mobile connections +3% to 247.3M, and mobile data is now 37% of mobile service revenue.
    | May 8, 2013, 1:40 PM | Comment!
  • 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 | Comment!
  • Feb. 17, 2013, 2:51 AM
    Telefonica (TEF) has joined the list of companies to have been hurt by Venezuela's devaluation, which caused the telecom carrier to take a pretax loss of €438M on its position in bolivars on last year's results. The value of the company's net assets in the country has fallen by €1B. (6-K)
    | Feb. 17, 2013, 2:51 AM | 1 Comment
  • Nov. 7, 2012, 3:22 AM
    Telefonica (TEF): Q3 net profit €1.38B vs a loss of €429M last year, which was hit by layoff costs, and vs consensus of €1.4B. Revenue -1.6% to €15.54B, with Europe -6.8% and Latin America +3.8%. Debt falls by €2.3B Q/Q to €56B and is projected to drop another €3.18B. (PR)
    | Nov. 7, 2012, 3:22 AM | Comment!
  • Jul. 26, 2012, 1:39 PM
    France Telecom (FTE +7.7%) surges after reporting 1H revenue fell 3.2% Y/Y to €21.8B ($26.5B), a little better than a €21.7B consensus, and reaffirming guidance for 2012 operating cash flow of nearly €8B. The numbers are soothing to investors on edge over macro issues, huge debt obligations, and competition from French discount carrier Iliad. FTE is hoping its phone subsidies and retail footprint will allow it to maintain a price premium. TEF +6.2%. TI +4.4%. BT +4.7%.
    | Jul. 26, 2012, 1:39 PM | Comment!
  • Jul. 25, 2012, 4:01 PM
    In tandem with its Q2 report, Telefonica (TEF -0.2%) announces it's cancelling plans (.pdf) to issue €1.50/share in dividend payments in 2012, and a similar amount in 2013. The Spanish/Latin American carrier expects to make €0.375/share payments in Q4 2013 and Q2 2014. A look at the Q2 report helps explain the move: While Latin revenue rose 7% Y/Y, European revenue fell 6.1%. Spanish revenue declined 13%, as macro conditions and subsidy cuts lead to subscriber losses.
    | Jul. 25, 2012, 4:01 PM | 6 Comments
  • May 11, 2012, 4:21 AM
    Telefonica (TEF): Q1 net profit -54% Y/Y to €748M vs. consensus of €1.31B. Revenue rose 0.5% to €15.5B. Latin American operations made a strong contribution, but couldn't compensate for weakness in European markets. (PR .pdf)
    | May 11, 2012, 4:21 AM | 10 Comments
Company Description
Telefonica SA is a telecommunications group which provides mainly fixed and mobile telephony, broadband, internet, data traffic, pay TV and other digital services.
Sector: Technology
Country: Spain