Telefonica Maintains Dividend After Swing to 4Q Profit
23 Februar 2023 - 8:08AM
Dow Jones News
By Mauro Orru
Telefonica SA is keeping a stable dividend after swinging to a
net profit and posting higher revenue for the fourth quarter.
The Spanish telecommunication company on Thursday reported
revenue of 10.20 billion euros ($10.82 billion), up from EUR9.67
billion in the fourth quarter of 2021.
Quarterly net profit came in at EUR525 million compared with a
loss of EUR1.20 billion the previous year. Operating income before
depreciation and amortization--a key profitability metric--climbed
to EUR3.26 billion from EUR1.36 billion, generating a margin of
31.9%.
Analysts had forecast revenue of EUR10.09 billion, a net profit
of EUR488 million and Oibda of EUR3.28 billion on a 32.5% margin,
according to a company-provided consensus.
Telefonica said it would propose a dividend of EUR0.30 a share
for 2022, the same that it paid for the previous year. It also
declared the same dividend for 2023.
"We will remain disciplined on capital allocation and prioritize
our investments into differentiated connectivity projects," Chief
Executive Jose Maria Alvarez-Pallete said.
For 2023, the company is targeting low single-digit organic
growth for revenue and Oibda.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
February 23, 2023 01:53 ET (06:53 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Telefonica (NYSE:TEF)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Telefonica (NYSE:TEF)
Historical Stock Chart
Von Apr 2023 bis Apr 2024
