Germany · Delayed Price · Currency is EUR Tele Columbus AG Earnings Call Transcripts
Fiscal Year 2025
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Q4 revenue rose 4% year-on-year to EUR 105 million, driven by internet and B2B growth, while full-year revenue was stable. CapEx dropped 70% in Q4, and a EUR 800 million goodwill impairment was recognized. Ongoing refinancing limits 2026 guidance, but low double-digit million EBITDA growth is expected.
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Q3 saw strong internet growth and revenue gains, offsetting TV declines amid fierce competition. Liquidity and cost controls remain priorities, with major cost savings from personnel reductions expected in 2026. Asset sales and CapEx cuts support financial stability.
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Internet customer base grew 9.5% year-over-year and revenue rose 15.2% quarter-on-quarter, but TV subscribers continued to decline amid competitive pressures. Major restructuring is underway, with €25–30 million in annualized cost savings expected, and a significant debt-to-equity swap completed.
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Q1 2025 saw strong internet growth and a return to sequential revenue growth, despite TV migration losses and intense market competition. EBITDA was stable, CapEx declined, and liquidity remained solid, with further operational efficiency measures planned.
Fiscal Year 2024
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Internet and phone revenues grew strongly, offsetting TV migration headwinds, with 2024 revenue at EUR 426.3 million and EBITDA down 3% year-over-year. CapEx rose 18% to EUR 216 million, while 2025 is expected to see stable revenues and lower CapEx as TV migration impact fades.
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Q3 2024 saw strong IP growth and successful organizational restructuring, though revenue and reported EBITDA declined due to TV migration impacts. CapEx rose to support network expansion, and liquidity remains solid, with further one-off costs expected as transformation continues.
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Strong IP sales and internet revenue growth offset TV losses from regulatory bulk migration, with stable overall revenues and a robust liquidity position. Guidance was revised to a slight revenue decrease for 2024, but normalized EBITDA is targeted above EUR 200 million, supported by ongoing FTTH expansion and advanced NetCo-ServCo separation.