Telefonica : Lower capex but leasing impact in Q2 2024
>Q2 2024 results relatively close to forecasts - Q2 2024 revenue up 1.2% to € 10,255m a shade above forecasts (ODDO BHF € 10,210m vs € 10,048m) driven by Brazil (+3%). EBITDA was up 1.8% y-o-y to € 3,219m beating forecasts (ODDO BHF € 3,200m vs € 3,171m) driven by Germany (+4%) and Brazil (+3%) but EBITDAaL was below at € 2,538m (vs € 2,563m) due to the increase in tower leasing costs. Targets for 2024 confirmed: revenue growth of 1%, EBITDA 1-2%A, FCF > 10%. The...Telefonica is engaged in the provision of public or private telecommunications services, including ancillary or complementary telecommunications services or related services. Co.'s fixed business includes: traditional fixed telecommunication services, Internet and broadband multimedia services, data and business-aplications services, and wholesale services for telecommunication operators. Co. also provides a range of mobile and related services and products to consumer and business customers, including mobile voice services, value added services, mobile data and Internet services, wholesale services, corporate services, roaming, fixed wireless, and, trunking and paging.
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