The Saudi Group, owner of 9.9% of Telefónica, will close the balance of 2024 with a net profit of 13,717 million Saudi riales (3,527 million euros), which represents 3.1% more than the earnings of the year of the year of the year Previous (13,295 million rials, 3,293 million euros), according to the consensus of the analysts collected by Servimedia on the website of the STC itself.
The Teleco, which plans to report its annual results on February 26, will present a turnover of 76,077 million rials (19,562 million euros), 5.1% more than in 2023 (72,337 million rials, 17,918 million euros of euros ).
Market forecasts suggest that the gross exploitation benefit (EBITDA) will improve 3.5% and will go from 24,683 million rials (6,342 million euros) to 25,558 million rials (6,565 million euros).
The STC action stood this Friday around 11.2 euros (44 rials), and analysts raise their target price at 11.73 euros (45.6 rials), with mostly decanted recommendation to purchases. The titles were a year ago in 42.5 rials and in 40 at the start of 2025.
With 9.9% of the shareholders that it already has formally (after having executed days ago, 5% committed to derivatives and 4.9% in shares that it acquired directly), STC is one of Telefónica’s major shareholders together with The SEPI and Criteriacaixa, both also with practically 10% participation each.
STC, recognized in the latest ‘Brand Finance Report’ report as one of the 10 telecommunications brands with the highest value worldwide, is now waiting to enter with a representative in the board of directors of Telefónica, which in the next dates It will restructure its configuration.
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