Telefonica 1Q Profit, Revenue Fell; Expects to Meet 2022 Targets
12 Maggio 2022 - 08:24AM
Dow Jones News
By Giulia Petroni
Telefonica SA said Thursday that profit and revenue fell in the
first quarter, but that it is on track to meet its full-year
targets.
The Spanish telecommunication company said quarterly net profit
was 706 million euros ($743.9 million) compared with EUR886 million
a year earlier.
Revenue decreased to EUR9.41 billion from EUR10.34 billion.
Operating income before depreciation and amortization, or Oibda,
came in at EUR3.20 billion from EUR3.42 billion, with its
corresponding margin at 34%, the company said.
Telefonica said results are in line with management's
expectations and the company confirmed full-year guidance and a
cash dividend of EUR0.30 a share for 2022.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 12, 2022 02:09 ET (06:09 GMT)
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