Record EBITDA and Net Income Growth
EBITDA reached EUR22.8 billion, landing at the top of the guidance range, and Net Income increased by 10% year-over-year to EUR7.1 billion.
Dividend and Share Buyback Program
Proposal for a dividend per share of EUR0.47 for 2024, implying a 70% payout and a share buyback program of up to EUR3.5 billion.
Improved Financial Flexibility
Net debt EBITDA ratio lowered to 2.4 from 2.7 times last year, providing over EUR10 billion additional financial flexibility.
Successful Capital Allocation and Investments
Investments deployed with networks accounting for more than 50%, improving operating KPIs and reaching a RAB of more than EUR45 billion.
Efficiency Savings Achieved
EUR800 million savings achieved compared to 2022, more than halfway to the plan target of EUR1.5 billion.
Strong Integrated Business Performance
Integrated business EBITDA increased by EUR1.9 billion year-over-year, driven by renewables recovering EUR2.7 billion.