Austria · Delayed Price · Currency is EUR EuroTeleSites AG Earnings Call Transcripts
Fiscal Year 2026
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Operating nearly 14,000 towers in Austria and CEE, the company targets growth through 5G expansion, increasing tenancy ratios, and third-party tenants, especially in CEE markets. All free cash flow is currently used for debt reduction, with dividends considered after reaching 5x leverage, expected in 2025.
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Q1 2026 delivered 7.1% revenue growth and a 10.6% rise in EBITDA after leases, driven by strong tenant additions and disciplined cost management. Guidance and deleveraging targets remain unchanged, with all free cash flow allocated to debt repayment.
Fiscal Year 2025
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Solid organic revenue and EBITDA growth were driven by new site rollouts, third-party tenant additions, and strict cost management. Capex will rise in 2026 for a major Austrian project, with continued focus on deleveraging and maintaining investment grade ratings.
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Q3 2025 saw 3.6% revenue growth, improved EBITDA margins, and strong third-party tenant expansion. Leverage declined to 5.8x, CapEx shifted more toward growth, and refinancing plans for €255 million are underway, with guidance and targets on track.
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Q2 2025 saw revenue rise 4.8% year-over-year and half-year revenue up 5.3%, driven by inflation adjustments and site portfolio growth. EBITDA margin remained strong, and deleveraging continued with all net income used for debt reduction. Moody’s confirmed the investment-grade rating.
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Q1 2025 saw revenue rise 5.9% and EBITDA up nearly 10% year-over-year, with strong site and tenant growth. EUR 255 million was refinanced at a lower fixed rate, and the group remains on track for 2025 targets, including a 4% revenue growth outlook.
Fiscal Year 2024
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Full-year revenue grew 9.8% to EUR 270 million, with EBITDA after lease up 12.8% and leverage reduced to 6.2x. 2025 guidance targets 4% revenue growth, continued CapEx discipline, and a focus on third-party tenants and digitalization.
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Q3 results showed 1.8% revenue growth, driven by a one-time effect in Austria, with strong EBITDA margins and continued expansion in third-party tenants. Full-year revenue growth is expected to slightly exceed 5%, and recent refinancing has improved interest costs.