Telefonica SA Expects FY24 Revenue Growth of ~1%, EBITDA Growth of 1%-2%, Operating Cash Flow of 1%-2%
Portfolio Pulse from Benzinga Newsdesk
Telefonica SA (TEF) has set new financial targets for 2024 under its GPS strategic plan, aiming for revenue growth of around 1%, EBITDA growth of 1%-2%, and operating cash flow growth of 1%-2%. The company also expects CapEx over revenue to be up to 13% and forecasts a free cash flow increase of more than 10%, based on the €2,308 million achieved under a new definition.
February 22, 2024 | 9:15 am
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Telefonica SA sets ambitious financial targets for 2024, including revenue and EBITDA growth of 1%-2%, and a significant increase in free cash flow.
The announcement of Telefonica SA's financial targets for 2024, including revenue and EBITDA growth, as well as an increase in free cash flow, is likely to be viewed positively by investors. These targets reflect the company's confidence in its GPS strategic plan and its ability to generate growth and improve financial performance. The specific mention of a more than 10% increase in free cash flow, based on a new definition, further emphasizes the company's focus on improving its financial health, which could lead to a positive short-term impact on its stock price.
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