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General

Telefonica meets target for nearly stable FY cash flow, sees lower div in 2021 as capex resumes

Thursday 25 February 2021 | 09:00 CET | News
Telefonica has met its target for only a small drop in operating cash flow in 2020. Despite a sharp fall in revenues due to the Covid-19 pandemic, operating cash flow (OIBDA - capex) was down just 0.9 percent to EUR 7.76 billion, and the company still managed to reduce debt by EUR 2.5 billion during the year. Telefonica maintained its dividend at EUR 0.40 per share, but said the figure would drop to EUR 0.30 in 2021 as it returns to a more normal level of capital expenditure at 15 percent of revenue. 

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Categories: General
Companies: Telefonica
Countries: Europe / Latin America / Spain
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