Telefónica Aims to Grow Revenues 7% in 2015

Telefónica forecast revenue growth of more than 7% in 2015 and more than 5% in 2016, after rising 3% to 50.4 billion euros in 2014 on an organic basis. In the fourth quarter of 2014, revenues were up 5%. Telefónica attributed the performance to "strong mobile data revenue growth in the quarter (+11% year-on-year), driven by non-SMS data revenues (+23%)."

Telefónica said that T. Hispanoamérica (+18% year-on-year organic) remains the main growth driver. Telefónica España's revenues declined 5% year-on-year in the fourth quarter - a marked improvement on previous quarters.

César Alierta, executive chairman, said: "The results in the quarter continued to demonstrate strong traction in the take-up of high-value services (fibre, Pay TV, LTE, Smartphones), producing a turnaround in the average revenue per access trend, which grew in 2014 for the first time in recent years."

The Madrid-based group also forecast that its capex/sales ratio will be 17% in 2015 and 2016, approximately the same as in 2014. source: Telefónica statement