Brief: Telefonica Deutschland FY Revenue Up 5.9%

Telefonica Deutschland Holding AG

22/02/2023 06:41

Feb 22 (Reuters) - TELEFONICA DEUTSCHLAND  O2Dn.DE :
    * CONFIDENT FY23 OUTLOOK BUILDING ON STRONG GROWTH MOMENTUM
&
SUCCESSFUL COMPLETION OF ‘INVESTMENT-FOR-GROWTH’ PROGRAMME
    * 2022 DIVIDEND PROPOSAL OF EURC 18/SHARE TO AGM - IN-LINE
WITH
MINIMUM COMMITMENT FOR 2021-23
    * FY REVENUE GROWTH OF +5.9% Y-O-Y DRIVEN BY SUSTAINED MSR
MOMENTUM & RECORD HANDSET SALES
    * TOTAL PROFIT FOR PERIOD IMPROVED TO EUR +232M IN FY22
VERSUS.
EUR +211M IN PRIOR YEAR WHICH INCLUDED ABOVE-MENTIONED CAPITAL
GAIN
    * FCF AT 1,093M IN FY22 VERSUS UNDERLYING EUR 958M IN PRIOR
YEAR
(REPORTED EUR 1,502M IN FY21 INCLUDING EUR 540M PROCEEDS MAINLY
FROM BEFORE MENTIONED SALE OF ASSETS)
    * EXPECTS REGULATORY CHANGES TO REMAIN A HEADWIND TO ITS
FINANCIAL
PERFORMANCE IN FINANCIAL YEAR 2023
    * OUTLOOK 2023: LOW SINGLE-DIGIT PERCENTAGE YEAR-ON-YEAR
GROWTH
FOR REVENUES AND OIBDA ADJUSTED FOR EXCEPTIONAL EFFECTS
    * DEUTSCHLAND EXPECTS CAPEX-TO-SALES RATIO (C/S) TO
NORMALISE AT
AROUND 14% IN FINANCIAL YEAR 2023

Source text for Eikon:  ID:nEQ8hRCp7a 
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