TEF - Telefonica S.A. Non-GAAP EPS of Euro0.09 revenue of Euro10.04B; on track to meet FY 2023 guidance
2023-05-11 08:16:05 ET
- Telefonica S.A. press release ( NYSE: TEF ): Q1 Non-GAAP EPS of €0.09.
- Revenue of €10.04B (+6.7% Y/Y).
- OIBDAmargininorganictermswasdown-1.2p.p.y/yto32.1%inQ123.
- Freecashflow amountedto€454MinQ1(€513MinQ122),reflectinganimprovementiny/yorganicOIBDA-CapEx andhigherdividendsreceived,partiallyoffsetbyhigherworkingcapitalconsumption,financial,taxandleasepayments.
- OIBDA-CapExtotalled€2,073MinQ123andincreasedby+2.1%y/yinorganicterms.
- CapExamountedto€1,049MinQ123.Itwasup3.1%y/ymainlyduetoFXmovesandhigherspectrum(€20MinQ1 23-inSpain-vs€2MinQ122).Inorganicterms,itwasdown-0.7%y/ywithCapEx/Revenueat11.3%.
- Outlook: January-March2023GroupresultsontracktomeetFY2023guidance,withperformanceinthefirstquarterfullyinline withmanagementexpectations.
- Financialtargetsfor2023areasfollows (organic): Revenue+4.9%y/yorganicinQ123vs.2023targetof"lowsingledigitgrowth".
- OIBDA+1.1%y/yorganicinQ123vs.2023targetof"lowsingledigitgrowth".
- CapExtosalesratioof11.3% organicinQ123vs.2023targetofaround14%.
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Telefonica S.A. Non-GAAP EPS of €0.09, revenue of €10.04B; on track to meet FY 2023 guidance