Telefonica: Adjusted EPS up 6.1% in Q3

(CercleFinance.com) - Telefonica reports Q3 sales of E10bn, down 2.
9% y-o-y.

Q3 EBITDA fell by 2.5% to E3.26bn, while net income completely collapsed (-98.1%), impacted by non-recurring items of E619m, giving EPS of -E0.01.

Adjusted EPS rose by 6.1% y-o-y, to E0.10.

In addition, FCF rose by 89.5% to $866m, enabling the group to fully confirm its target for 2024.

The group's results, in reported terms, were hit by currency depreciation in Latin America, but all major markets maintained the same momentum, with increased sales momentum and growth in local currencies. As a result, its CEO has reiterated forecasts for all indicators for 2024.


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