Romania · Delayed Price · Currency is RON Digi Communications Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 10% revenue and 15% EBITDA growth, driven by strong RGU gains in Spain and Romania, with continued network expansion and disciplined CapEx. Guidance points to sustained double-digit revenue growth and improving margins, especially in Spain.
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The group is driving strong, organic growth across five European markets, with Spain as the main growth engine and Romania as the cash generator. Spain targets over EUR 1 billion in 2026 revenue, expanding its FTTH footprint and margins, while maintaining a stable pricing strategy and leveraging vertical integration for cost efficiency.
Fiscal Year 2025
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Group revenues and RGUs grew 15% year-over-year, led by Spain's strong performance and robust network expansion. EBITDA was flat due to Portugal's launch costs, but guidance calls for at least 10% EBITDA growth and lower CapEx in 2026.
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Q3 2025 saw 16% year-over-year sales growth to EUR 1.6 billion, with RGUs up 70% to 30.7 million, led by Spain and Romania. EBITDA and margins improved, CapEx is set to decline, and Spain's segment delivered a 50% quarter-over-quarter EBITDA increase.
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Q2 2025 saw 18% revenue growth year-over-year, driven by strong performance in Spain and Romania, with group RGUs nearing 30 million. EBITDA remained stable, while CapEx guidance was raised to €800–820 million due to acquisitions and consolidation. Leverage increased to 2.8x, with plans to reduce by year-end.
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Q1 2025 saw record revenue and RGU growth, led by Spain and supported by strong performance in Romania and Portugal. EBITDA and margins remained healthy, CapEx was on track, and guidance for 2025 was reaffirmed, with continued network expansion and a higher dividend proposed.
Fiscal Year 2024
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Group revenues grew 13% to EUR 1.9 billion and EBITDA rose 40% to EUR 580 million, driven by strong RGU growth in Spain and Romania. 2025 guidance includes EUR 750 million CAPEX, continued network expansion, and negative free cash flow as new markets mature.
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Q3 2024 saw 14% sales growth to EUR 492 million and 26 million RGUs, with strong expansion in Spain and Romania. Portugal operations launched, Belgium launch imminent, and major refinancing and network transactions completed. Net leverage improved to 1.7x.
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H1 2024 saw 30% sales growth and 14% RGU growth, driven by strong performance in Romania and Spain. CapEx for 2024 is set at EUR 800 million, with major launches in Portugal and Belgium expected soon. Net leverage is projected to decrease after the Macquarie transaction.