Trending: Telefonica Sees Revenue, Earnings Growth in 2023
23 Febbraio 2023 - 3:29PM
Dow Jones News
1400 GMT - Telefonica is among the most mentioned companies
across news items over the past 12 hours, according to Factiva
data. The Spanish telecommunications company reported a swing to a
net profit for the fourth quarter on higher revenue, kept its
dividend unchanged at 0.30 euros ($0.32) a share and said it
expects organic growth in the low single percentage digits for both
revenue and operating income before depreciation and
amortization--a key profitability metric--in 2023. The company said
it anticipates a ratio of capital expenditure excluding spectrum to
sales of around 14% this year, down from 14.8% in 2022.
Telefonica's 2023 outlook looks mixed, as consensus expectations
for 1% growth in both revenue and Oibda are more conservative than
the company's guidance while its target for the capex-to-sales
ratio is higher than the consensus view of 13.3%, Bryan Garnier
analyst Thomas Coudry said in a research note. Dow Jones & Co.
owns Factiva. (adria.calatayud@dowjones.com)
(END) Dow Jones Newswires
February 23, 2023 09:14 ET (14:14 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Grafico Azioni Telefonica (NYSE:TEF)
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Grafico Azioni Telefonica (NYSE:TEF)
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