Telefonica Q3 Profit, Revenues Down; Reiterates FY17 Outlook - Quick Facts

(RTTNews) - Spanish telecom group Telefonica SA (TDE.L, TEF) Thursday reported that third-quarter profit attributable to equity holders of the parent declined 14.7 percent to 839 million euros from 983 million euros last year.

Earnings per share fell 17.5 percent to 0.15 euro from 0.18 euro a year ago.

Underlying attributable profit was 0.19 euro per share, compared to 0.23 euro per share a year ago.

OIBDA amounted 4.10 billion euros for the quarter, down 1.9 percent on a reported basis, but up 2.8% organically. Excluding the regulatory impact, OIBDA increased 5.2% organic year-on-year.

Telefónica's revenues reached 12.75 billion euros in the third quarter, down 2.5 percent from last year's 13.08 billion euros. On an organic basis, revenues increased 4%.

Excluding the regulatory impact, revenues increased 5.3% organic year-on-year.

Revenues were driven by improved contributions from T. España, T. Deutschland y T. Hispanoamérica. Excluding the negative impact of regulation.

Further, Telefónica has reiterated the guidance and dividend announced for 2017.

For fiscal 2017, the company continues to expect revenue growth of above 1.5%, despite the negative impact from regulation.

Further, the company still expects OIBDA margin year-over-year expansion of up to 1 percentage point.