Telefónica Files Q4 2023 Results, Confirms 20-F Reporting

TL;DR

**Telefónica just dropped its Q4 2023 results, confirming its status as a foreign private issuer filing under Form 20-F.**

AI Summary

Telefónica, S.A. filed a Form 6-K on February 22, 2024, reporting its quarterly results for the period ending December 31, 2023. The filing indicates that Telefónica, S.A. is a foreign private issuer and files annual reports under Form 20-F. The company's business address is Distrito Telefónica, Ronda de la Comunicación s/n, 28050 Madrid, Spain.

Why It Matters

This filing provides investors with the latest financial performance data for Telefónica, S.A., allowing them to assess the company's health and make informed investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly results filing and does not inherently indicate new or elevated risks.

Key Players & Entities

• Telefónica, S.A. (company) — registrant
• February 2024 (date) — month of report
• December 31, 2023 (date) — conformed period of report
• Form 20-F (document) — annual report filing type
• 001-09531 (other) — Commission File Number

FAQ

Key Financial Figures

• $71m — n Nov-33 while T. Mviles Chile signed a $71m bilateral loan with maturity in Nov-26

Filing Documents

• tefres4q23.htm (6-K) — 484KB
• a19qespaolprimagea02.gif (GRAPHIC) — 2KB
• a2272x274_resultadosq4xcab.jpg (GRAPHIC) — 143KB
• imagen1.jpg (GRAPHIC) — 161KB
• qr2023ingls002.jpg (GRAPHIC) — 2KB
• 0000814052-24-000017.txt ( ) — 906KB

From the Filing

tefres4q23 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of February, 2024 Commission File Number 001-09531 Telefnica, S.A. (Translation of registrant's name into English) Distrito Telefnica, Ronda de la Comunicacin sn, 28050 Madrid, Spain 3491-482 87 00 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F Form 20-F X Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) Yes No X Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) Yes No X Telefnica, S.A. TABLE OF CONTENTS Item Sequential Page Number 1. Quarterly Results of Telefnica Group January- December 2023 2 1 TABLE OF CONTENTS Telefnica Highlights 3 Operational, infrastructure and IT performance 6 Financial performance 7 Sustainability performance 9 Telefnica Espaa 10 Telefnica Brasil 11 Telefnica Deutschland 12 Virgin Media - O2 UK 13 Telefnica Tech 14 Telefnica Infra 15 Telefnica Hispam 16 Appendix Selected consolidated financial statements 18 Alternative performance measures 21 Disclaimer 25 The financial information related to January-December 2023 contained in this document has been prepared under International Financial Reporting Standards (IFRS), as adopted by the European Union, which do not differ for the purposes of the Telefnica Group, from IFRS as issued by the International Accounting Standards Board (IASB). The management of the Group uses a series of APM in its decision-making, in addition to those expressly defined in the IFRS, as they provide additional information useful to assess the Group's performance, solvency and liquidity. These measures should not be viewed separately or as a substitute for the measures presented according to the IFRS (see the Appendix "Alternative performance measures", page 21 of this document). Telefnica's management model, regional and integrated, means that the legal structure of the companies is not relevant for the release of Group financial information, and therefore, the operating results of each of these business units are presented independently, regardless of their legal structure. For the purpose of presenting information on a business unit basis, revenue and expenses arising from invoicing among companies within Telefnica's perimeter of consolidation for the use of the brand and management contracts have been excluded from the operating results for each business unit. This breakdown of the results does not affect Telefnica's consolidated earnings. The English language translation of the consolidated financial results originally issued in Spanish has been prepared solely for the convenience of English speaking readers. Despite all the efforts devoted to this translation, certain omissions or approximations may subsist. Telefnica, its representatives and employees decline all responsibility in this regard. In the event of a discrepancy, the Spanish-language version prevails. Link to detailed financial and operational data click here . Results presentation The management will host a presentation (click here ) to d iscuss the results a t 1000am CET on 22 nd February 2024 . For more information, please contact Adrin Zunzunegui ( adrian.zunzuneguitelefonica.com ) Isabel Beltrn ( i.beltrantelefonica.com ) Torsten Achtmann ( torsten.achtmanntelefonica.com ) irtelefonica.com Phone +34 91 482 87 00 httpswww.telefonica.comenshareholders-investors 2 Telefnica Q4 2023 Financial Results 22 nd February 2024 Strong Q4 results, FY 23 FCF above guidance, well on track for GPS plan ambition Highlights Improved momentum accelerating growth trends y-o-y, improved operational leverage Revenue +4.1 %, +1.7 p.p. q-o-q service revenue + 4.2 %, +1.3. p.p. q-o-q B2B revenue keeping momentum (+4.9% +0.3 p.p. q-o-q) leveraging T. Tech (+19.2% reported) OIBDA +4.5%, +1.5. p.p. q-o-q, with all OBs growing y-o-y OIBDA-CapEx + 18.7 % +9.4 p.p. q-o-q improved operational leverage 2.3 p.p. margin expansion Reported and organic y-o-y growth in revenue, underlying OIBDA and underlying OIBDA-CapEx in core markets Spain organic OIBDA stabilised (+0.1%) on service revenue improving to +3.2% and efficiencies delivery Brazil + 22.5 % organic OIBDA-CapEx increase sustained leadership in a growing market Germany delivering sustainable growth (OIBDA-CapEx + 4.0 % organic) with streamlined operations VMO2 higher organic growth (revenue +3.7% OIBDA +10.6%), delivering synergies and network upgrade Strong and above expectations FCF in Q4 +432m q-o-q to 1,562m Net financial debt mainly on increased stake in T. Deutschla

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View this 6-K filing on SEC EDGAR