Telefónica’s Revenues Increased By 3% (EUR 10.883 billion) While Earnings Fell By 20% (EUR 706 million) In Q1’22;Confirms Dividend
The group’s turnover amounted to 10.883 billion euros, an increase of 3.2%. By markets, Spain accounted for 28% of revenues, Hispam 20%, Brazil 18%, Germany 18% and the UK 14%. Operating income before depreciation and amortisation (Oibda) rose 2.1% to 3.753 billion euros, due particularly to Latin America, whose Oibda jumped 50%. Sales grew in all markets, such as Germany, the UK and Spain, and double-digit growth in Brazil and…