Telefónica has achieved a record benefit of 9,335 million euros in the first nine months of the year, thanks to the capital gains obtained by the closure of the merger of O2 and Virgin Media in the United Kingdom and for the sale of Telxius towers, such as
As the company has communicated to the National Securities Market Commission (CNMV).
With these extraordinary benefits, the telecommunications company triggers its outcome with respect to the period from January to September of the previous year, when 671 million euros were recorded.
The reported revenues are encrypted at 9,298 million euros in the quarter from July to September, 11.1% less, and at 29,603 million euros until September, 8% less than in the first nine months of 2020. Telefónica attributes
Those decreases to “changes in the perimeter of the company”.
For good or evil, the accounts are altered by the base effect of the Year of the Covid and by the two large newly closed operations, one of merger and another sale of infrastructures.
The investment has increased by 20.3% until September, to reach 4,893 million euros, “with the focus on the capture of growth opportunities.”
Approximately 45% of the investment is dedicated to the deployment and development of fiber networks and 5g.
Discounted payments made by spectrum auction for 5G, Capex would remain at 3,904 million euros until September, data equivalent to 13.2% of sales.
The OIBDA, assimilable to EBITDA of other companies, is more than double in these first nine months than in the same period of the previous year: 20,620 million euros compared to 9,747 million.
Thus, the company ensures that “the financial objectives foreseen for exercise have been achieved; that is, that income and the OIBDA move between stabilization and a slight growth organically, and that investment (Capex) on sales returns
To be placed at a standard level of up to 15%, “the Spanish multinational has been exposed.
“During the third quarter, Telefónica’s behavior has been solid, the rate of year-on-year income growth and OIBDA has been maintained for the second consecutive quarter, with acceleration in the growth of income”, José María Álvarez-Pallete, Executive President
of the company: “These results reflect a significant new step towards the economic and social recovery of the markets in which we operate while the world continues to leave the worst effects of the pandemic. I am proud of the paper that Telefónica plays to help the
Society to prosper and build a greater future through digitization. ”
Net financial debt has already been reduced to 25,000 million euros at the end of September, 31.8% below 36,676 million in which it was a year earlier.
In the last quarter, debt has been cut by 4.6%, approximately 1,200 million euros.
Telefónica has refinanced debt for 5,407 million euros and has managed to lengthen the average life of its liability until 13.85, from 10.79 years marked at the end of last year.
The generation of box reaches up to 2,482 million euros in the nine months of the year, 1,470 million if spectrum payments are excluded, below $ 2,801 million registered from January to September 2020.
By markets, the four main of this group are Spain, which provides 29% of the business;
Germany, with 18%;
Brazil, which has lost weight and represents 16%;
and the United Kingdom, with 15%.
Hispanoamérica, region in which Telefónica is being retracted, contributes to this day with 19% of billing.
