Telefonica reaches agreement to cut about 2,700 jobs in Spain

  • Spain's Telefonica (NYSE:TEF) inks an agreement with labour unions to cut ~2,700 of its domestic workforce via voluntary redundancies in a plan estimated to cost it 1.5 billion euros (~$1.7 billion) this year.
  • The Average annual savings from direct expenses are estimated above 230 million euros from 2023.
  • "In any case, the impact on cash generation will be positive from 2022, as the capture of savings since the departure of employees is expected to take place during Q1'22".

    Over the current book year the total revenu from the company based in Madrid will be 39.33 billion euros (consensus estimates). This is slightly lower than 2021's revenue of 43.08 billion euros.

    Historical revenues and results Telefonica plus estimates 2021

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    The analysts expect for 2021 a net profit of 2.86 billion euros. Most of the analysts anticipate on a profit per share of 35 cent. With this the price/earnings-ratio is 11.49.

    Huge dividend Telefonica

    Per share the analysts are expecting a dividend of 29 cents per share. Thus the dividend yield equals 7.21 percent. The average dividend yield of the telecommunications companies is an attractive 4.01 percent.

    Telefonica 's market value equals around 23.38 billion . 22

    At 13.55 the stock trades 0.86 percent lower at 4.02 euros.

    Price data Telefonica 2007-2021

    stock graphs telefonica

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