Telefónica Files Q1 2024 Results on Form 6-K

TL;DR

Telefónica dropped its Q1 2024 results, check the 6-K.

AI Summary

Telefónica, S.A. filed a Form 6-K on May 9, 2024, reporting its quarterly results for the period ending March 31, 2024. The filing indicates that Telefónica is a foreign private issuer and is submitting its report under the 1934 Act.

Why It Matters

This filing provides investors with an update on Telefónica's financial performance for the first quarter of 2024, which can influence investment decisions and stock valuation.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial results, not a significant event that inherently increases risk.

Key Players & Entities

• Telefónica, S.A. (company) — Registrant
• 001-09531 (company) — SEC File Number
• 20240331 (date) — Reporting Period End Date
• 20240509 (date) — Filing Date

FAQ

Filing Documents

• tefres1q24.htm (6-K) — 416KB
• a19qespaolprimagea02.gif (GRAPHIC) — 2KB
• cabecerawordeng1q.jpg (GRAPHIC) — 506KB
• imagen1.jpg (GRAPHIC) — 161KB
• portadaeng1q24001.jpg (GRAPHIC) — 80KB
• qr2024_ing.jpg (GRAPHIC) — 2KB
• 0000814052-24-000074.txt ( ) — 1451KB

From the Filing

tefres1q24 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 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May, 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 +34 91-482 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- March 2024 2 ***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA. TABLE OF CONTENTS Telefnica Highlights 2 Operational, infrastructure and IT performance 5 Financial performance 6 Sustainability performance 8 Telefnica Espaa 9 Telefnica Brasil 10 Telefnica Deutschland 11 Telefnica Tech 12 Telefnica Infra 13 Telefnica Hispam 14 Joint Venture, Virgin Media – O2 UK 16 Appendix Selected consolidated financial statements 17 Alternative performance measures 20 Disclaimer 23 The financial information related to January-March 2024 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 9 th May 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 1 Telefnica Q1 2024 Financial Results 9 th May 2024 Strong start to 2024, executing our GPS plan Highlights Growth (y-o-y) Accelerated revenue growth (+0.9% 1 , -0.5% in Q4 23) driven by robust service revenue (+2.3%) B2C revenue growth (61% of total revenue +0.8%). Enriched offering, digital ecosystem, and increased loyalty Intact B2B momentum (22% of total revenue +2.8%), with T. Tech (+11.0%) cornerstone of transformation Evolving wholesale partners and others revenue (17% of total revenue -0.9%) future-proofing wholesale NB MoU with DIGI for a long-term mobile network agreement in Spain Expand superior networks (FTTH PPs +13.4% 63% 5G coverage in core markets) Profitability (y-o-y) Accelerating EBITDA* growth to +1.9% (+1.6% in Q4 23) expanding margin (+0.3 p.p.) on leaner operations Operating leverage (margin EBITDAaL*-CapEx) broadly flat higher efficiencies to come from Q2 Declining CapEx ex-spectrum intensity (10.4% CapExSales), but maintaining differentiation Sustainability More satis

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View this 6-K filing on SEC EDGAR