25th Apr 2005 17:09
Telefonica SA25 April 2005 ANTONIO J. ALONSO UREBA Director, General Secretary and Secretary to the Board of Directors TELEFONICA, S.A. Telefonica S.A., as provided in article 82 of the Spanish Stock Market Act (Leydel Mercado de Valores), hereby reports the following SIGNIFICANT EVENT During the Fourth Investor Conference that is being hosted in Barcelona on April25th and 26th, the company has presented the strategy and business outlook forits subsidiary Telefonica de Espana. In relation to the information disclosed inthis presentation, special emphasis is placed on the communication of theexpected performance of this subsidiary for the period 2004-2008, based on keyfinancial indicators. These financial projections are as follows: TELEFONICA DE ESPANA GROUP 2004 Reported under IFRS (Euros CAGR (*) 2004-2008 in Million) (%) Revenues 11,202.2 +0.5%/+2% Operating Income Before D&A 4,560.0 +3%/+6% Operating Income 2,192.4 +12%/+16% CAPEX over Revenues 10.8%Related Shares:
TDE.L