Telefonica Group has reported revenues of EUR52.0 billion (USD64.1 billion) for the twelve months ended 31 December 2017, down 0.1% on an annualised basis. Telefonica Brasil (Vivo) performed strongly in 2017, with sales jumping 8.4% to EUR12.0 billion, while the group’s other operating units all witnessed year-on-year revenue declines. Telefonica Hispanomerica (comprising units in Mexico, Central and South America) reported sales of EUR12.6 billion, down 0.2% y-o-y, while Telefonica Espana recorded a 1.3% drop in its full-year sales, to EUR12.7 billion. Elsewhere, Telefonica Deutschland and Telefonica UK generated revenues of EUR7.3 billion (-2.8%) and EUR6.5 billion (-4.7%), respectively. Group OIBDA for the year under review increased 7.1% to EUR16.19 billion, while operating income for 2017 jumped 24.2%, to EUR6.79 billion. Net income attributable to equity holders of the parent company was reported at EUR3.13 billion, up 32.2% on an annualised basis.
In operational terms, Telefonica reported consolidated mobile accesses of 271.77 million at 31 December, of which 97.53 million were LTE users. In addition, the Spanish group reported 21.87 million internet and data users, 36.90 million fixed line accounts and 8.47 million pay-TV subscribers.
Jose Maria Alvarez-Pallete, executive chairman at Telefonica, commented: ‘In 2017 we have delivered solid results, we have met the guidance set for 2017, which was upgraded in July. The highlights were: the growth in revenues, OIBDA, operating cash flow (OpCF), earnings per share (EPS) and free cash flow (FCF), the EUR4.4 billion net debt reduction; and we achieved all this despite regulatory drags … Thanks to the investments made during recent years we are in a strengthened position; we cover more than 90% of the population in Europe with LTE technology and we have surpassed the 70 million mark of premises passed with fibre.’