Telefonica: stock up after FY results

(CercleFinance.com) - Telefonica is up more than 2% in Madrid today following the publication of a net loss of E892m for 2023, but with underlying OIBDA up slightly +1.
4% to just over E13.1bn, on revenues up by 1.6% to over E40.6bn.

Explaining that it is seeing the benefits of its operational transformation plan begun in 2016, the Spanish group anticipates growth of around 1% for its revenues, between 1% and 2% for its EBITDA and more than 10% for its free cash flow in 2024.

The telecoms operator confirms that it intends to distribute a final 2023 dividend of E0.15 per share next June, and plans to maintain a stable total dividend of E0.30 per share for the current financial year.

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