Telefonica's Q3 core profit growth speeds up on higher service revenue
Telefonica's Q3 core profit growth speeds up on higher service revenue MADRID, Nov 12 (Reuters) - Spanish telecoms group Telefonica TEF.MC said on Thursday its third-quarter adjusted core profit growth accelerated, helped by higher service revenue and efficiency gains.
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) grew 2.8% from the same period last year to €3.08 billion ($3.42 billion), the company said.
Revenue rose 2.2% year-on-year on a constant-currency basis to €8.43 billion, while service revenue increased 1.8%.
Free cash flow from continuing operations climbed to €1.02 billion in the quarter. Net financial debt fell by €1.6 billion from June to €25.19 billion at the end of September, it added.
($1 = 0.9018 euros)
(Reporting by David Latona; Editing by Christopher Cushing)
((david.latona@thomsonreuters.com; +34 918 35 68 13;))
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