Telefonica: confirms financial targets for 2024

(CercleFinance.com) - Telefonica reports net income for Q2 2024 down 3.
3% to E447m, despite adjusted EBITDA up 1.8% to E3.2bn on revenues that are up 1.2% to over E10.2bn.

Quarterly adjusted EPS was E0.1, compared with E0.07 previously.

Telefonica confirms its targets for 2024, i.e. sales growth of around 1%, EBITDA and operating cash flow growth of between 1% and 2%, with FCF growth of over 10%.

Telefónica is a more profitable and sustainable company, which respects the pillars of its GPS strategic plan, confirms all its financial targets for 2024 and reaffirms its attractive remuneration for shareholders, it said.


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