Telecom Argentina Reports 1Q24 Results

TL;DR

TEO dropped 1Q24 results, market cap $3.98B, accounting for inflation.

AI Summary

Telecom Argentina S.A. announced its consolidated results for the first quarter of fiscal year 2024 (1Q24) on May 8, 2024. The company's market capitalization on the NYSE was US$3,975.7 million. The filing also notes that the company has accounted for inflation adjustment effects as per Resolution 777/18.

Why It Matters

This filing provides investors with key financial performance indicators for Telecom Argentina in early 2024, crucial for understanding the company's operational health and market position.

Risk Assessment

Risk Level: low — This is a routine financial results announcement with no immediate significant negative or positive triggers.

Key Numbers

• US$3,975.7 million — Market Capitalization (As of the filing date on the NYSE.)

Key Players & Entities

• Telecom Argentina S.A. (company) — Registrant
• US$3,975.7 million (dollar_amount) — Market Cap on NYSE
• May 8, 2024 (date) — Filing Date
• 1Q24 (period) — First Quarter of Fiscal Year 2024
• Resolution 777/18 (regulation) — Inflation Adjustment Standard

FAQ

Key Financial Figures

• $3,975.7 million — teco.com.ar Market Cap (NYSE: TEO): US$3,975.7 million * Telecom Argentina S.A. announces
• $683,916 million — ny's Consolidated Revenues amounted to P$683,916 million in 1Q24 (-17.9% in constant currency co
• $651,872 million — red to 1Q23). Service Revenues totaled P$651,872 million (-16.3% vs. 1Q23), decreasing because t
• $207,134 million — erating Income before D, A & I totaled P$207,134 million. · Due to the real appreciatio
• $675,032 million — , the Company recorded a net income of P$675,032 million (compared to an income of P$110,477 mil
• $110,477 million — ,032 million (compared to an income of P$110,477 million in 1Q23). mainly explained by gains fro
• $145,472 million — uding right-of-use assets) amounted to P$145,472 million in 1Q24 (+8.6 in constant currency vs.
• $1,988,429 million — · Net Financial Debt totaled P$1,988,429 million as of March 31, 2024, decreasing in rea
• $40,804 million — ncy - includes right-of-use assets for P$40,804 million as of March 31, 2024 and for P$35,506 m
• $35,506 million — 4 million as of March 31, 2024 and for P$35,506 million as of March 31, 2023) *** (Includes I
• $672,260 million — butable to the controlling company was P$672,260 million. It should be noted that comparative
• $683,916 m — Q24, Consolidated Revenues amounted to P$683,916 million, from which Service Revenues tota
• $278,328 million — 1Q24, mobile services revenues reached P$278,328 million (- P$61,484 million or -18.1% vs. 1Q23)
• $61,484 million — revenues reached P$278,328 million (- P$61,484 million or -18.1% vs. 1Q23), obtaining the high
• $248,513 million — vice revenues in Argentina amounted to P$248,513 million (-P$66,084 million or -21% vs. 1Q23). T

Filing Documents

• tm2413827d1_6k.htm (6-K) — 129KB
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• 0001104659-24-058885.txt ( ) — 3303KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Telecom Argentina S.A. Date: May 8, 2024 By: /s/ Luis Fernando Rial Ubago Name: Luis Fernando Rial Ubago Title: Responsible for Market Relations

View Full Filing

View this 6-K filing on SEC EDGAR