Telefónica reports a boost in revenues in 2022

Spanish telco Telefónica has reported a growth in revenue across all its markets in the financial year 2022.

The company revealed its revenues has since 2021 rose by 1.8%, to €39,993 million, with it closing 2022 with a free cash flow of €4,566 million which was 72.5% higher than the previous year.

The Group’s reported revenues had significantly grown for the first time since 2015. In 2022 they have increased by 1.8%, to €39,993 million and in the fourth quarter they surged by 5.4%, up to €10,200 million.

The company’s global units such as Telefónica Tech has increased its revenues by 57% in 2022, to €1,482 million. Whilst, Telefónica Infra has consolidated its position as a high value-added infrastructure vehicle, according to the group.

In addition, Telefónica’s 5G network had been deployed over 1,600 locations in the UK, over 80% of the population in Germany, more than 85% in Spain and a total of 39 cities in Brazil.

“We are very satisfied with the transformation that the company is carrying out and we are well positioned to continue on this path of profitable growth. In 2022 Telefónica has once again demonstrated its solidity, its commitment to its objectives and its ability to overcome the most complex environments. In 2023 we will continue to maintain the current financial discipline and we will continue to prioritize investments in connectivity projects. For Telefónica, responding to the new demands of the digital age is not an option; it is the option”, said José María Álvarez-Pallete, president of Telefónica.