Telefonica starts a new growth cycle in the first quarter of 2015 and reaches a net income of 1,802 million euros (+162%)General
Madrid, 14 May 2015 - Today, Telefónica presented the results from the first quarter of 2015, a period in which the company totalled a net profit of 1,802 million euros, increasing by 2.6 times vs. the same period of the previous year. In addition, the figures for January-March 2015 show tangible progress in most items of the profit and loss account, which is a reflection of the focus on long-term sustainable growth and a result of the intense transformation executed in recent years. At the end of March, total accesses had grown in reported terms by 10% year-on-year, amounting to over 319 million customers, revenue increased by 12.6% to 11,543 million euros, OIBDA increased by 7.7%, reaching the sum of 3,618 million euros, and finally, cash flow stood at 363 million euros after growing by 25.8%.
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