The NEWS Telephony
2009-02-26

Telephone it gained 7,592 million Euros in 2008, a 14.8% less than a year before due to the reduction de its extraordinary ones, nevertheless, surpassed the forecasts. The company also has indicated that it maintains his financial objectives de benefit by action and flow de box in 2010. Their titles react to these accounts with advances 3.8%, the majors de the Ibex.

In the set de the fiscal year 2008 Telephone one gained 7,592 million Euros in 2008, a 14.8% less than a year before, nevertheless surpassed the 7,430 million Euros that waited for the analysts consulted by Reuters.

The company indicates that this reduction must to the difference de extraordinary between 2008 and 2007, without which its benefit would improve a 38%. Therefore, in comparable terms, if the impact is excluded from the sale de assets, that in 2008 ascended to 292 million Euros by the sale de the participation in Sogecable (143 million), against the 2,766 million Euros that reported in 2007 the sales de Airwave (1,296 million) and Endemol (1,368 million).

Thus, its benefit by action rose a 41.4%, until the 1.63 Euros by action. On the other hand, basic the net benefit by action was placed in 2008 in 1,63 Euros, which supposes a fall de 12.7% with respect to the previous exercise. However, in comparable terms a 41.4% would be increased.

In 2008 its income they increased a 2.7%, until the 57,946 million Euros. Nevertheless, this evolution de the income has been affected by the negative evolution de the types de change, that remained near 3% to the growth de the income, whereas the changes in the consolidation perimeter reduced another 1.2%.

Telephone it emphasizes that these results have been obtained “in complex surroundings” and that they are possible thanks to the “prdeile differential” de the company, that is “the high diversification de its operations, the integrated character de the operations in key markets, the competitive strength in the main markets, the high capacity de execution and financial solidity”.

The base de clients de Telephone increased a 13.2% in 2008, until reaching the 258.9 million accesses in december. This growth must mainly to the increase de 16.6% in the base de clients de moving bodies, a 20.9% to the increase in the broadband accesses and a 29.7% in the accesses de payment TV.

By regions, Latin America increased to its accesses a 18% until the 158.3 million clients, had essentially to the strong growth in broadband, the net gain de moving bodies and the expansion de the base de clients de payment TV.

On the other hand, the expenses de the Telephone Group in the set de 2008 were reduced a 2.6% until the 36,892 million Euros. Eliminating the impact de the types de change, the expenses are increased a 0.9% inter-annually, a number that, according to the company that directs Caesar Alierta, “consolidates the observed decreasing tendency from principle de the exercise, fruit de the initiatives beginning to maximize the efficiency in the management in both exercises”.

It will increase to a 15% his dividend in 2009

For 2009, the company puts like objective “to preserve the high generation de box in the markets with an economic scene more complex, being captured at the same time the potential de growth in markets in expansion”.

de this form, Telephone delay to increase the flow de operative box consolidated in a rank among 8% and 11%, and anticipates to increase its income and the operative result before amortizations (oibda), this last between 1% and 3%, with a limit de investment located in 7.500 million Euros. Oibda de Telephone was placed in 2008 in 22.602 million and surpassed the forecasts.

Also, the company proposes, as already it announced, a dividend at the expense de exercise 2009 de 1.15 Euros by action, which would represent an increase de 15% with respect to the one de 2008.

The titles de Telephone react upon presentment de these accounts with a bounce de 3.8% in the opening de the market, until the 14.19 Euros.