We kicked off the year with robust revenue growth

At Telefónica Tech, Telefónica's digital business unit, we reported revenues of 476 million euros in the first quarter of 2024, an 11% increase year-over-year.

This performance is part of the broader results announced today by Telefónica, which secured a net profit of 532 million euros in the first quarter of the year, up 79% from the same period last year.

With a revenue rise to 10.140 billion euros, we are starting 2024 with strong growth rates and profitability, alongside a positive evolution in business activity.

We are progressing on our ESG commitments

In addition to strong economic and commercial results, we have advanced our ESG commitments covering environmental, social, and governance aspects:

• Our Eco Smart solutions portfolio has been designated a Champion Project by the ITU. We have been included on the CDP Supplier Leaderboard for the fifth consecutive year.
• We now employ 858 more individuals with disabilities. Over 33% of our executive positions are held by women.
• The General Shareholders' Meeting approved all proposed resolutions by the Board of Directors. We have issued a green bond with two senior tranches and a green hybrid bond.

These outcomes affirm our commitment to secure and sustainable digitalization, innovation, and inclusivity and diversity in all facets of our business. We continue to work to create a positive impact on the world.