Telefonica Deutschland Q3 Net Loss Widens, OIBDA Rises; Lifts FY15 OIBDA View

(RTTNews) - Telefonica Deutschland Holding AG (TELDF.OB, TFTHF.OB), Telefónica S.A.'s (TEF, TDE.L) German unit, reported Thursday that its third-quarter net loss was 134 million euros, wider than 15 million euros last year. Loss per share was 0.05 euro, compared to loss of 0.01 euro in the prior year.

Operating loss was 124 million euros, while last year's loss was 5 million euros. OIBDA, a key earnings metric, climbed to 388 million euros from 240 million euros a year ago.

Revenues climbed to 1.979 billion euros from last year's 1.219 billion euros.

Telefonica further announced a dividend proposal of 0.24 euro per share.

Looking ahead, the company updated 2015 OIBDA and CapEx outlook resulting from early capture of synergies.

The company now expects OIBDA to grow 15-20% year-on-year, compared to previous growth expectations of more than 10% year-on-year.

The company continues to expect mobile service revenue to remain broadly stable compared to the 2014 combined figure of 5.528 billion euros.

The company now expects to reach 280 million euros in-year savings from synergies for the full year 2015, compared to the run-rate of 250 million euros previously expected.