MADRID (Reuters) – Spanish telecoms group Telefonica said on Wednesday it expects revenue to grow by more than 7 percent this year, while it reported a drop from 19 percent of its operating profit (OIBDA ) in 2014.
Telefónica reported a decline of 35 percent in its annual net profit of 3,000 million euros (3,400 million), affected by a depreciation of the Venezuelan currency and restructuring costs in Germany.
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Operating profit (OIBDA) amounted to 15,520 million euros. Both OIBDA and net income were below analyst expectations.
($ 1 = 0.7270 euros)
(Reporting by Sonya Dowsett. Published in Spanish by Carlos Aliaga)
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