Germany · Delayed Price · Currency is EUR Tele Columbus AG Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw modest revenue growth and strong EBITDA improvement, driven by internet and telephony gains, cost discipline, and selective CapEx. Subscriber growth outpaced the market, while TV RGUs declined. Guidance for 2026 remains firm, with refinancing and asset disposals ongoing.
Fiscal Year 2025
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Q4 revenue grew nearly 4% year-on-year to EUR 105 million, driven by internet and B2B, while full-year revenue remained stable. CapEx dropped sharply as part of cash preservation, and a EUR 800 million goodwill impairment was recognized. Ongoing refinancing limits 2026 guidance.
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Q3 2025 saw strong internet and revenue growth, offsetting TV declines, with a 7.3% year-over-year increase in internet RGUs and a 4.7% quarter-on-quarter revenue rise. Liquidity preservation and cost reduction remain priorities, with full benefits from personnel cuts expected in 2026.
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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.