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Telefonica Deutschland slows sales drop, OIBDA accelerates in Q2

2017-07-26 08:44:00| Telecompaper Headlines

(Telecompaper) Telefonica Deutschland slowed its drop in revenues to 3.4 percent in the second quarter, for a total EUR 1.77 billion, while growth in adjusted EBITDA accelerated to 5 percent, to EUR 472 million. The OIBDA margin improved 2 percentage points to 26.7 percent, driven by cost savings. The company said it reduced costs by EUR 40 million in the quarter.

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