Telefonica Q1 Profit Rises, Revenue Up - Quick Facts

(RTTNews) - Spanish telecom group Telefonica S.A. (TEF, TDE.L) Thursday said its first-quarter net income was 1.802 billion euros, compared to 688 million euros last year.

Basic earnings per share rose to 0.38 euro from 0.14 euro.

Earnings per share from continuing operations fell to 0.09 euro from 0.12 euro.

Revenue increased 12.6 percent to 11.543 billion euros from 10.251 billion euros last year. Organic revenue growth was 3.3 percent.

César Alierta, Executive Chairman, said, "In the first quarter of 2015 Telefónica initiated a new growth cycle; total accesses increased 10% year-on-year, revenues improved 12.6%, OIBDA 7.7%, free cash-flow 25.8% and net income was 2.6 times higher. These figures reflect the solid beginning of this new cycle and are leveraged on the improved organic evolution of the business."

Further, the company reiterated its 2015 guidance and its ambition for 2016.