Brief: Telefónica Deutschland Says FY OIBDA Up 3.1%

Telefonica Deutschland Holding AG

21/02/2024 06:36

Feb 21 (Reuters) - Telefonica Deutschland Holding AG
 O2Dn.DE :
    * CONFIDENT FY24 OUTLOOK BASED ON GOOD BUSINESS MOMENTUM AND
‘ACCELERATED GROWTH & EFFICIENCY PLAN’
    * FY REVENUE GROWTH OF +4.7% Y-O-Y DRIVEN BY SUSTAINED MSR
MOMENTUM AND RECORD HANDSET SALES
    * FY OIBDA GROWTH OF +3.1% Y-O-Y REFLECTING COMMERCIAL
SUCCESS AND
STRINGENT COST MANAGEME
    * DIVIDEND PROPOSAL OF EURC 18/SHARE TO AGM - IN-LINE WITH
MINIMUM
COMMITMENT FOR 2021-23
    * TELEFONICA DEUTSCHLAND - OPERATING INCOME WAS EUR +291M
(+21.4%
Y-O-Y) IN FY23
    * TOTAL PROFIT FOR PERIOD IMPROVED TO EUR +273M IN FY23, UP
+17.8%
Y-O-Y
    * MOBILE CUSTOMER ACCESSES GREW +1.7% YOY TO 45.1M AS OF 31
DEC-23
    * FREE CASH FLOW (FCF) AMOUNTED TO EUR 1,304M IN FY23 (EUR
1,093M
IN FY22)
    * OUTLOOK 2024: SLIGHTLY POSITIVE YEAR-ON-YEAR REVENUE
GROWTH,
INCLUDING REGULATORY HEADWINDS OF CA. EUR -70M TO -80M
    * OUTLOOK 2024: LOW TO LOW-MID SINGLE-DIGIT PERCENTAGE
YEAR-ON-YEAR EBITDA-GROWTH, INCLUDING REGULATORY HEADWINDS OF
CA. EUR -20M TO -25M
    * OUTLOOK 2024: CAPEX-TO-SALES RATIO (C/S) OF OPTION 13% -
14%

Source text for Eikon:  ID:nEQ1HJJVBa 
Further company coverage:  O2Dn.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))