Telefónica Latinoamérica Holding, S.L. Announces Audited Earnings Results for the Year Ended December 31, 2013
Mar 20 14
Telefónica Latinoamérica Holding, S.L. announced audited earnings results for the year ended December 31, 2013. For the year, income was EUR 82 million.
Telefonica Latinoamerica S.A. Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2013; Reports Impairment of Goodwill and Other Assets for the Third Quarter Ended September 30, 2013
Nov 8 13
Telefonica Latinoamerica S.A. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenues of EUR 7,101 million against EUR 7,615 million last year. OIBDA was EUR 2,244 million against EUR 2,694 million last year. Operating income was EUR 1,194 million against EUR 1,406 million last year. Capex was EUR 1,357 million. In the third quarter of 2013, Telefónica Latinoamérica consolidated the accelerating revenue growth trend, posting another double-digit year-on-year increase in organic terms. This performance was underpinned by the company’s position in the higher value segments, reflected in the strong growth in the mobile contract segment and in the expansion of the fixed and mobile broadband businesses. The company also continued to consolidate solid efficiency levels, with year-on-year OIBDA growth trend improving despite the increased commercial activity.
For the nine months, the company reported revenues of EUR 21,783 million against EUR 22,578 million last year. OIBDA was EUR 6,890 million against EUR 7,906 million last year. Operating income was EUR 3,330 million against EUR 4,136 million last year. Revenues were up a solid 9.4% year-on-year in organic terms. CapEx amounted to EUR 3,073 million in the first nine months of 2013, up 2.9% year-on-year in reported terms and 17.0% in organic terms, reflecting significant investment efforts, mainly devoted to the continued improvement of the network in order to provide innovative services, keeping Telefónica Latinoamérica as the benchmark operator in the region in terms of quality. Operating cash flow stood at EUR 3,817 million in the first nine months of 2013, down 2.1% year-on-year in organic terms.
For the quarter, impairment of goodwill and other assets was EUR 3 million.