Spain’s Telefonica Sees 2% Earnings Growth Annually to 2026
- Carrier plans to boost operating free cash flow by 5% annually
- Telefonica to hold first investor day in decade on Wednesday
The Telefonica headquarters in Madrid.
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Telefonica SA pledged to increase profit by about 2% each year as part of a strategic plan that forecasts the heavily indebted Spanish carrier will cut leverage and costs.
The increase in earnings before interest, taxes and depreciation will help it maintain an annual dividend of at least €0.30 per share through 2026, the Madrid-based firm said Wednesday in a presentation for its first investors day in over a decade. Operating free cash flow will increase by around 5% annually over the period.