Telefonica Deutschland Posts Loss In FY14 - Quick Facts

(RTTNews) - Telefonica Deutschland Holding AG (TELDF.OB, TFTHF.OB), part of Spanish telecom group Telefónica S.A. (TEF, TDE.L), reported Tuesday that its result for the year 2014 was a loss of 721 million euros.

Operating loss was 646 million euros, compared to profit of 105 million euros last year.

Operating Income before Depreciation and Amortisation or OIBDA for 2014 amounted to 679 million euros. It was 1.46 billion euros on an underlying, combined basis.

Revenue for the year totaled 5.52 billion euros, consolidating E-Plus Group with effect of 1 October 2014. On a combined basis, 2014 revenues would have been 7.79 billion euros.

In the fourth quarter, revenue reached 2.019 billion euros, largely stable year-on-year on a like-for-like basis.

Looking ahead, for fiscal 2015, the company expects revenue and other synergies to come from cross and up-selling activities, the increase of market share in the SME segment and the initial contribution from the Mobile Bitstream Access agreement to wholesale business.

The company expects mobile service revenue in 2015 to remain broadly stable over 2014 combined figure of 5.528 billion euros.

The company also projects a gradual progression of improvement in OIBDA throughout 2015 driven by the capture of synergies from the integration of organisations and initial projects for the combination of networks.

With regards to shareholder remuneration, the company intends to suggest to the general shareholders' meeting a cash dividend of at least 700 million euros for the year 2014, payable in May 2015.