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TELUS Corp 2024 Guidance: TTech Operating Revenue Growth of 2%-4%, Free Cash Flow of $2.3B, Capex of $2.6B

Author: Benzinga Newsdesk | February 09, 2024 07:56am

TELUS sets 2024 financial targets

TELUS' financial targets for 2024 are guided by a number of long-term financial objectives, policies and guidelines, which are detailed in Section 4.3 of the 2023 annual MD&A. With these policies in mind, our financial targets for 2024, as presented in the table, reflect our expectations for continued strong subscriber growth across mobile and fixed, as well as continued investments in our leading PureFibre network and 5G deployment. Our strategic focus to drive increased cost efficiency is also expected to contribute to our financial outlook.

Supporting our targets in 2024 are our unique and diversified growth businesses – TELUS International, TELUS Health and TELUS Agriculture & Consumer Goods. Our growth profile is underpinned by a team member culture focused on delivering customer service excellence


 

2024 targets

TTech Operating revenues(1)

Growth of 2 to 4%

TTech Adjusted EBITDA

Growth of 5.5 to 7.5%

Consolidated Free cash flow

Approximately $2.3 billion

Consolidated Capital expenditures(2)

Approximately $2.6 billion

Posted In: TU

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