TELDF - Telefonica Deutschland reports 1H results

• Telefonica Deutschland press release ( OTCPK:TELDF ): 1H Revenues maintained their growth path, increasing +5.8% y-o-y to EUR 2,003m in Q2 22 (+5.5% y-o-y to EUR 3,949m in H1 22) on sustained mobile service revenue growth momentum despite tough comps4 in the quarter and on strong demand for handsets.
• OIBDA1 grew +2.7% y-o-y in Q2 22 on improved MSR quality & continued efficiency gains - underlying2 +4.7% y-o-y.
• C/S of 14.5% – on the back of strong progress with 5G rollout, ambition raised to ~60% pop coverage by YE22 within unchanged Capex envelope.
• Driving ESG strategy – promoting a sustainable digital future.
• Expanding FY22 OIBDA outlook upwards to ‘low to low mid-single digit percentage growth.

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