Telefónica's net income grows 38.5% in 2020 to reaches €1.582 billion, Access Evolution
Feb 25, 2021 Telefónica demonstrates its management efficiency and financial strength during the pandemic with cash generation of €4,794 million for the full year. The company shows a progressive improvement both in commercial and operational activity in the last quarter of the year, with revenues of €10,909 million. The Group cuts net financial debt by over €2,500 million in 2020. Since mid-2016 it has been reduced by €17,000 million. Telefónica will propose to the next AGM the shareholder remuneration policy for 2021, a voluntary scrip dividend of 0,30 euros per share. Telefónica...
Source: telecomtv.com