Telefonica's revenues amounted to 57,061 million euros in 2013 an increase of 0.7% on the previous year. The main growth drivers were the 51% of revenues generated by Telefonica Latinoamerica up 9.6% on the year and mobile data revenues up 9.3% which more than offset the pressure in Europe caused by regulation and the highly competitive market. The fourth quarter revenues were positive for the third consecutive quarter. Net profits in 2013 amounted to 4,593m euros and the basic earnings per share (EPS) totalled 1.01 euros.
The executive chairman commented that Telefonica had advanced significantly in its transformation process achieving the targets set for the year and their intention to accelerate the transformation in 2014. The transformation strategy was started last year and Telefonica has since strengthened its commitment to a sustainable long-term growth model. It is competing in high value segments and markets. It is also focusing on improved efficiency, growth areas, portfolio management and enhancing financial flexibility.
No comments:
Post a Comment