Telefonica targets 1-4% revenues growth to 2013

Nieuws Algemeen Europa 13 APR 2011
Telefonica targets 1-4% revenues growth to 2013
Telefonica targets a compound annaul growth rate of 1-4 percent in revenues over the period 2010 to 2013. The company gave the forecast at an analyst meeting in London. The Spanish operator also aims to limit the erosion in its adjusted EBITDA margin during the period, keeping the margin in the high 30s after a figure of 38 percent in 2010. The forecast is based on adjusted 2010 results, excluding Manx Telecom and including the full consolidation of Vivo in Brazil, Hansenet in Germany and Tuenti. Capex over the period 2011-13 is estimated at a maximum EUR 27 billion, after EUR 8.5 billion in 2010. The outlook excludes any additional acquisitions or divestment or one-time items. The operator also reiterated its pledge to pay a dividend of EUR 1.75 per share in 2012, up from EUR 1.60 in 2011, and said annual shareholder remuneration thereafter will be at least the same amount, through a combination of dividends and/or share buybacks. .

Categories:

Algemeen

Companies:

Telefonica- Movistar,  HanseNet,  Manx Telecom,  Vivo,  Tuenti

Regions:

Europa,  Latijns-Amerika en het Caribisch gebied

Tags:

Financial figures, Shareholders & subsidiaries

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