A rather correct but expected set of Q3 results for Telefonica Deutschland. Q3 revenues still showed a slight continuing decline with a yoy decrease of 1.3% yoy but the trend is clearly improving (Q2 and Q1 revenues were respectively down by 3.4% and 4.7% yoy, while in 2016 they had decreased by 6% yoy for the whole year). Note Mobile service revenue fell by 3.6% yoy but, excluding the roaming regulation, it should have continued to improve to -0.1% yoy vs -0.4/0.6% in the two prior quarters.
25 Oct 2017
The EBITDA margin improvement is slowing
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The EBITDA margin improvement is slowing
Telefonica Deutschland Holding AG (O2D:WBO) | 0 0 1.5% | Mkt Cap: 11,895m
- Published:
25 Oct 2017 -
Author:
Jean-Michel Salvador -
Pages:
2
A rather correct but expected set of Q3 results for Telefonica Deutschland. Q3 revenues still showed a slight continuing decline with a yoy decrease of 1.3% yoy but the trend is clearly improving (Q2 and Q1 revenues were respectively down by 3.4% and 4.7% yoy, while in 2016 they had decreased by 6% yoy for the whole year). Note Mobile service revenue fell by 3.6% yoy but, excluding the roaming regulation, it should have continued to improve to -0.1% yoy vs -0.4/0.6% in the two prior quarters.