In parallel, the Company has achieved relevant progress to capture new opportunities in the digital world, reaching important agreements in relation to M2M, Security, Cloud and Financial Services.
Telefónica reported revenue of 30,980 million euros to June, with consolidated OIBDA of 10,431 million euros and an OIBDA margin of 33.7%. Operating income totalled 5,300 million euros at the end of June. Consolidated net profit stood at 2,075 million euros. In underlying terms, i.e. excluding exceptional impacts, net profit was 2,818 million euros between January and June.
January-June performance allows the Company to reiterate its year-end targets for OIBDA margin and CapEx to Sales ratio. However, due to the weaker than anticipated economic conditions in some countries and a stronger negative impact from regulation than envisaged, the Company has updated its revenue guidance and now expects to deliver flat to positive revenue growth in current euros in 2012.
Increase in customer numbers, driven by mobile accessesTotal accesses increased by 6% year-on-year to 312 million by the end of June 2012, driven by the mobile segment (+7% year-on-year). Mobile net additions in the first half totalled 8.3 million (excluding 3.6 million mobile accesses disconnections in Spain and Brazil), up 18% year-on-year. Contract mobile accesses grew 8% year-on-year, accounting for 32% of total mobile accesses. The Company's mobile broadband accesses posted a solid growth of 51% year-on-year to 44.9 million at the end of the first half, accounting for 18% of mobile accesses (+5 percentage points year-on-year). It should be highlighted the continued smartphone adoption by our customers (with attached data tariffs), with 6.9 million net additions in the first half. Out of this amount, 4.8 million came from Latin America doubling the net additions registered in the same period of 2011. Telefónica's retail fixed broadband accesses increased 5% year-on-year to 18.4 million at the end of June 2012, with 364 thousand net additions (89 thousand in the second quarter), with a sustained growth of Telefónica Latinoamérica accesses.
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