Report
Stephane Beyazian

Telefonica : Telefonica retrouve des ambitions

>Un retour à la croissance FCF avec des objectifs 2026 très ambitieux - Telefonica a organisé une journée Investisseurs hier avec des objectifs 2023-2026 au-dessus du consensus. La société prévoit une croissance de 1% TMVA de son chiffre d'affaires, de 2% en EBITDA (dont 1/3 provenant de la croissance du CA et 2/3 de réductions de coûts), une réduction des investissements (à moins de 12% du CA contre 15% en 2022), et surtout de plus de 10 % des FCF (3 Md€ en 2026 sous...
Underlying
Telefonica SA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Beyazian

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