Earnings Call Summary | Telefonica(TEF.US) Q1 2024 Earnings Conference
Earnings Call Summary | Telefonica(TEF.US) Q1 2024 Earnings Conference
The following is a summary of the Telefónica, S.A. (TEF) Q1 2024 Earnings Call Transcript:
以下是西班牙電信（TEF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Telefónica reported Q1 revenue growth of 0.9% year-over-year with an EBITDA rise of 1.9%.
Commercial momentum and ongoing capital expenditure discipline resulted in a CapEx over revenue ratio of just 10.4% for this quarter.
The company had a free cash flow of minus €41 million in Q1 2024 caused by the one-time €75 million benefit from the monetization of a tax asset in Brazil in Q1 2023. Without these non-recurring items, Q1 2024 free cash flow could have shown a year-over-year increase of €43 million.
Telefonica has a net financial debt of €28.5 billion, causing a net debt-to-OIBDA ratio of 2.71 times.
The company expects increased cash flow throughout the rest of 2024 to achieve its full year guidance.
西班牙電信報告稱，第一季度收入同比增長0.9％，息稅折舊攤銷前利潤增長1.9％。
商業勢頭和持續的資本支出紀律使本季度的資本支出超過收入的比率僅爲10.4％。
該公司在2024年第一季度的自由現金流爲負4,100萬歐元，這是由於巴西在2023年第一季度通過稅收資產貨幣化獲得的一次性收益7500萬歐元所致。如果沒有這些非經常性項目，2024年第一季度的自由現金流可能會同比增長4,300萬歐元。
西班牙電信的淨金融負債爲285億歐元，淨債務與OIBDA的比率爲2.71倍。
該公司預計，在2024年剩餘時間內，現金流將增加，以實現其全年預期。
Business Progress:
業務進展：
Telefónica's operating model has shown strength with positive commercial dynamics in key markets such as Spain, Brazil, and Germany.
In Spain, the completion of the copper network switch off is imminent, establishing Telefonica as the first European Union operator to accomplish this.
There has been a remarkable contract churn of 1% in Germany.
There has been an accelerated rollout of fixed infrastructure, passing an additional 9 million premises with fiber-to-the-home in the last year with Telefonica Infra contributing around 7 million of these new premises.
The 5G coverage of the company now extends to 63% of the population across core markets with Spain and Germany above 90%.
In the German market, the company has made significant 5G coverage gains and increased its market share with core brand O2.
The company has shown interest in maximizing network utilization in both Spain and Germany and is exploring partnerships to leverage growth.
Telefonica is on track with the design and carve-out of the NetCo venture in the UK and is in the process of negotiating with potential wholesale partners.
Telefo'nica的運營模式在西班牙、巴西和德國等主要市場表現出積極的商業動態，表現出強勁的實力。
在西班牙，銅纜網絡的關閉即將完成，這使西班牙電信成爲第一家實現這一目標的歐盟運營商。
德國的合同流失率驚人，爲1％。
固定基礎設施加速推出，去年又有900萬個場所實現光纖到戶，Telefonica Infra出資約700萬個新場所。
該公司的5G覆蓋範圍現已擴展到核心市場的63％的人口，西班牙和德國超過90％。
在德國市場，該公司取得了顯著的5G覆蓋範圍，並增加了其在覈心品牌O2中的市場份額。
該公司已表示有興趣最大限度地提高西班牙和德國的網絡利用率，並正在探索合作夥伴關係以促進增長。
西班牙電信在英國設計和分拆NetCo合資企業的工作已步入正軌，並且正在與潛在的批發合作伙伴進行談判。
More details: Telefonica IR
更多詳情： 西班牙電信紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。