'But a miss is a miss': Telefonica Deutschland shares fall as it misses Q1 FCF expectations

Telefonica Deutschland Holding AG

10/05/2023 08:35

** Shares in Telefonica Deutschland  O2Dn.DE  fall 5.1%,
after the German telecommunications provider reported a miss on
free cash flow(FCF) for the first quarter
    ** The company's free cash flow came in at 160 million euros
 ($176.13 million) compared to 222 million euros ($244.38
million) year earlier
    ** "FCF decreased by 26% year-on-year and missed consensus
by 27 million euros" Credit Suisse says
    ** It notes that FCF was impacted by net working capital
(NWC) moves inventories and capex bill payment which rolled over
from last year, adding "but a miss is a miss"
    ** The stock, on track its worst day since November, hits
the bottom of Germany's mid-cap index  .MDAXI 


($1 = 0.9084 euros)

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))