Second quarter net income 44.5% higher than last year has prompted Telefónica to double its revenue target for 2023.
In its latest results, the company says that its net income in Q2 reached €462 million, while its revenue rose by 0.9% to €10,133 million between April and June this year.
According to Telefónica, it is moving towards a new vision of a company focused even more on the best customer service and the creation of shareholder value with the most disruptive technology to take advantage of all the growth opportunities of the future. The company will present a new strategic plan for the period 2023-2026 at an Investor Day on November 8.
Chairman José María Álvarez-Pallete said: “Telefónica accelerated in meeting its objectives during the second quarter and confirms the strength of the business and the good momentum of the company, which allows us to upgrade our guidance and renew our ambition to move towards a new vision for the company.
“Focused on the customer and the creation of shareholder value, and with technology as a decisive factor to better understand and connect with the world, Telefónica is preparing its 2023-2026 plan with a model of operational excellence based on three pillars: Growth, Profitability and Sustainability. The operator is in an advantageous position to capture all the growth opportunities of the digital era. Telefónica is not content to simply adapt to the future but has decided to shape it with a radical evolution. The new times catch us well prepared to anticipate, respond and complete the challenging journey we undertook almost a hundred years ago. Our time has come. It is Telefónica’s time. We are ready for the future”.
