Telefónica Deutschland Preliminary 2013 Profit From Cont. Ops. Declines

(RTTNews) - Telefónica Deutschland Holding AG (TDE.L, TEF) reported that its preliminary fiscal 2013 profit after tax from continuing operations decreased year-over-year to 78 million euros, from 308 million euros. Basic earnings per share from continuing operations was 0.07 euros, compared to 0.28 euros, prior year.

Net financial result in 2013 was negative at 27 million euros, compared to a negative result of 6 million euros in the previous year. The company said this was the result of its new capital structure from September 2012 onwards.

Revenues declined to 4.91 billion euros, from 5.21 billion euros, prior year. Wireless service revenues amounted to 2.99 billion euros in 2013, down 5.2% year-on-year. Mobile data continued to be the main driver for revenue performance, reaching 1.44 billion euros in 2013.

At the end of December 2013, Telefónica Deutschland had 25.2 million customer accesses, a year-on-year decrease of 0.8%. Mobile access base remained stable (up 0.5% year-on-year) to reach 19.4 million.

Operating expenses in 2013 declined 3.7% year-on-year. Consolidated net financial debt decreased year-on-year by 375 million euros to 468 million euros at the end of December 2013.