Telstra Corporation Limited (ASX:TLS) says it has moved into the new financial year with strong operating momentum and expects to report broadly flat income and EBITDA.
This guidance, given at the company’s annual general meeting today, excludes the $561 million profit on the sale of its mobiles business CSL which was divested in May.
Australia’s largest telco expects continued low single-digit income and EBITDA growth to offset the absence of CSL’s operating revenue and EBITDA.
CEO David Thodey has also forecast free cashflow of between $4.6 billion and $5.1 billion in fiscal 2015 and capital expenditure to be about 14 per cent of sales.
Telstra Corporation reported a net profit of $4.34 billion in the 2014 financial year.
