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Telefonica ups FY sales growth forecast after improved results in Q2
2017-07-27 07:58:00| Telecompaper Headlines
(Telecompaper) Telefonica said it now expects modest growth in revenues over the full year, after improving trends in the second quarter. Quarterly revenues rose 1.9 percent year-on-year to EUR 12.960 billion, with organic growth improving to 3.1 percent from 1.5 percent in Q1. All its main markets - Spain, Germany, Brazil showed an improved performance in the quarter. Across the group, both service revenue (+2.9% y-o-y organic) and handset sales (+5.2%) accelerated compared to the previous quarter.
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Category:Telecommunications