Greece · Delayed Price · Currency is EUR Hellenic Telecommunications Organization Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong revenue and EBITDA growth, driven by record FTTH and postpaid mobile additions, robust ICT performance, and disciplined cost management. Guidance for 2026 is reaffirmed, with continued investment in fiber, digital, and AI services.
Fiscal Year 2025
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Strong revenue and EBITDA growth in 2025 was driven by FTTH, Pay TV, and mobile, with robust cash flow and a new shareholder remuneration policy based on actual free cash flow. 2026 guidance targets 3% EBITDA growth and EUR 750 million FCF, with continued investment in fiber and 5G.
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Exited Romanian market, boosting cash flow and enabling a €40M extraordinary dividend. Greek revenues rose 5% with strong growth in FTTH, TV, mobile, and ICT. CapEx guidance remains at €600M, with Free Cash Flow guidance raised to €530M for 2025.
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Regulatory approval for the Romanian disposal paves the way for portfolio optimization and a planned extraordinary shareholder distribution. Greek operations delivered revenue and EBITDA growth, led by FTTH, TV, and mobile, with strong cost control and positive outlook for continued momentum.
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Solid Q1 2025 performance with revenue and EBITDA growth in Greece, driven by mobile, TV, broadband, and ICT. FTTH and TV segments saw strong expansion, while Romania continued to face headwinds. 2025 guidance and capital allocation plans remain on track.
Fiscal Year 2024
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Solid operational performance in 2024 with growth in adjusted EBITDA, strong FTTH and pay-TV momentum, and continued cost efficiencies. 2025 guidance targets 2% EBITDA growth in Greece, with capital allocation focused on dividends and share buybacks. Romania remains a drag, but disposal could improve outlook.
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Q3 2024 saw solid revenue and EBITDA growth in Greece, with record TV and FTTH subscriber additions, while Romania faced ongoing challenges and a significant tax charge. Strategic initiatives, government subsidies, and new content deals are expected to drive stronger growth in 2025.
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Group revenues grew 7% year-over-year, led by strong Greek operations in mobile, TV, ICT, and wholesale, while Romania remained a drag. FTTH and pay TV initiatives, including new wholesale and content sharing agreements, are set to drive future growth. Full-year guidance for CapEx, free cash flow, and shareholder returns is confirmed.