The Spanish telecommunications giant says it has started 2024 with “solid growth and profitability rates.” How has he achieved it? We give you the keys.
Telefónica has announced that its benefit adjusted before interest, taxes, depreciation and amortization for the first quarter amounted to 3.2 billion euros. The indicator is known as EBITDA for its acronym in English.
This figure represents a year-on-year increase of 1.9%, in line with the expectations of the analysts. Net profit for the first quarter increased 79% compared to the previous year, reaching 532 million euros, on revenues of 10,140 million euros.
The Spanish company confirmed its perspectives for the current year, which point to revenue growth of around 1%, and an increase in operating cash flow of between 1% and 2%.
The so-called operating cash flow growth is the rate of growth long-term cash generated by business operations, once operating expenses have been accounted for.
Telefónica has also confirmed a target of annual dividend of 0.30 euros per share, paid in two installments: in December 2024 and June 2025.
“Telefónica moves forward with firm steps in the year of its centenary with our principles of integrity, commitment and transparency, generating worth for the shareholder,” says Telefónica’s executive president, José María Álvarez-Pallete López.
“We have started the year with a solid strengthening our business, supported by the deployment of our new roadmap, the strategic plan that will guide Telefónica until 2026. They improve income, improve commercial activity and also improve the quality of the service we provide to our customers and their satisfaction,” adds José María Álvarez-Pallete López.
The directors of the telecommunications company also indicated that they have signed a non-binding memorandum of understanding with ‘Digi’ for a mobile network agreement long term in Spain.
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