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Telefonica Deutschland confirms outlook after Q1 results

Telefonica Deutschland confirms outlook after Q1 results
Telefonica Deutschland confirms outlook after Q1 results   -   Copyright  Thomson Reuters 2022
By Reuters

BERLIN – Telefonica Deutschland confirmed its 2022 outlook for sales and operating income before depreciation and amortization (OIBDA) on Wednesday after reporting a 5.2% jump in first quarter sales boosted by strong demand for expensive smartphones.

The group reported sales of almost 1.95 billion euros ($2.1 billion) and said adjusted OIBDA rose 7.2% to 602 million euros in the quarter.

The Munich-based firm said it did not see direct impact of the war in Ukraine on its operational business.

($1 = 0.9482 euros)