Q1 revenue 10.140 billion eur, up 0.9% (Il Sole 24 Ore Radiocor) - Madrid, 09 May - The Spanish telecommunications group Telefonica said that in the first quarter of 2024 it posted a net income of 532 million euros, up 78.9% year on year, as revenue rose 0.9% to 10.140 billion euros.

EBITDA grew 1.9% to 3.205 billion euros.

Telefonica confirmed its targets for 2024. It expects revenue growth of around 1% and EBITDA and operating cash flow growth of 1-2%. It anticipates capex up to 13% of revenues and a free cash flow increase of more than 10%.

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(RADIOCOR) 09-05-24 08:38:21 (0179) 5 NNNN