Telefonica Group has reported revenues of €60.74bn for the fiscal year 2010, an increase of 7.1% driven by good performance in Latin America (+13.3%), Europe (+12.7%) and the growing contribution of the mobile data business by €9.3m , and an organic growth of 19.3% year-on-year.
Latin-America and Europe represented 68% of the Group’s consolidated revenue and generated over 60% of consolidated OIBDA.
The company had 287.6 million accesses worldwide, and posted growth in this item of 7.2% year-on-year organic.
In 2010, the Company registered organic net adds of 19.2 million accesses while in Spain, despite the fierce competitive environment, net adds in 2010 were six times the gains registered in 2009 in comparable terms, the company said.
At the close of 2010, OIBDA stood at €25,8bn, with year-on-year growth of 14% and an OIBDA margin of 42.4%.
Operating cash flow stood at €15bn for the fiscal year 2010.
For the fiscal year 2010, the company’s net profit increased by 30.8% to €10.2bn, or earnings per share of €2.25.
