Telefónica Deutschland unveils promising preliminary results for 2023 and presents optimistic outlook for 2024

Telefónica Deutschland has announced that it has exceeded expectations for the 2023 fiscal year, driven by strong commercial traction, over 1.3 million net postpaid additions, and a 4.7% year-on-year revenue growth. This was supported by sustained momentum in mobile service revenues and record terminal sales. OIBDA (Operating Income Before Depreciation and Amortization) also recorded a 3.1% growth thanks to successful commercial management and strict cost control.

The company is making good progress in the deployment of 5G with population coverage of around 95% by the end of 2023. Telefónica Deutschland has also reaffirmed its commitment to ambitious environmental, social, and governance (ESG) goals. For the 2024 fiscal year, the company is confident, supported by strong commercial momentum and the "Accelerated Growth and Efficiency Plan." It is also proposing a dividend of 18 euro cents per share at its annual general meeting.

For the 2024 fiscal year, Telefónica Deutschland foresees slightly positive revenue growth and single-digit lower to mid-single-digit OIBDA growth, taking into account regulatory headwinds. The company continues to focus on digital transformation and driving efficiency and revenue gains, while pursuing sustainable growth.