Telefonica ups operating cash flow goal as Brazil, Spain boost core profit
MADRID: Spanish telecoms group Telefonica raised its 2026 operating cash flow target after reporting higher adjusted core profit in the second quarter, helped by growth in its Spanish and Brazilian businesses.
The company said on Wednesday it now expects adjusted operating cash flow after leases to grow by more than 3% this year at constant exchange rates, compared with a previous forecast for growth above 2%.
“This is perhaps the most important metric in a telecommunications company, since it reflects the performance of the core business,” CEO Marc Murtra said in a statement.
