Reasons to invest in Telefónica

Telefónica is committed to become the most efficient Telecom operator and to deliver sustainable profitable growth and long term industry leading total shareholder retrun (TSR).

The Group’s strategy focus on boosting profitable growth (revenue and OIBDA), capturing optionalty beyond the core, doubling down on simplicity and decreasing capital intensity. In addtion, we aim to maintain the strenght in our balance sheet, to improve ROIC and to maintain investment grade credit rating. Finally, ESG is also embedded in our ADN.

Reasons to invest

Resilience, execution and delivery

Robust FCF and well covered dividend

(€)

FCF/share
0.80

DVD/share
0.30

Delivering and upgrading our commitments

(organic)

TargetsInitial 2023 guidanceUpgraded 2023 guidanceH1 23
Revenue
y-o-y organic
“Low single digit growth”“~4% growth”4.1%
OIBDA
y-o-y organic
“Low single digit growth”“~3% growth”2.3%
CapEx/Sales
organic
~14%Maintained ~14%12.7%

2023 target of FCF ex spectrum of ~€4bn

Shareholder remuneration

 

2022 Dividend€0.30/share2023 Dividend€0.30/share
Dec-22€0.15/sh. (cash)Dec-23€0.15/sh. (cash)
Jun-23€0.15/sh. (cash)Jun-24€0.15/sh. (cash)

ONGOING TREASURY STOCK CANCELATION

Telefónica January-June 2023 results

Download our Corporate Profile

Telefónica is building a company for the future.