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Earnings Call Summary | OTE(HELLENIC TELECOM ORGANIZATION) LVL III ADS EACH REP 1/2 ORD EUR2.83(HLTOY.US) Q1 2024 Earnings Conference

Futu News ·  May 15 06:46  · Conference Call

The following is a summary of the Hellenic Telecommunications Organization S.A. (HLTOY) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Hellenic Telecommunications reported a 9% increase in group revenues along with a 1% rise in EBITDA after leases.

  • Greece's EBITDA after leasing grew by 1.5% to exceed €323 million, resulting in a 39.8% margin.

  • Despite mobile termination rate cuts affecting Romania performance, the company managed to return over €3 billion to its shareholders.

  • The organization reassured adherence to the projected 2024 financial guidance.

Business Progress:

  • Strategically, Hellenic Telecommunications has focused on internal growth, simplification, and digitization over the past decade.

  • Investments in technology, networks, and customer experience led to a successful digital and financial services launch.

  • The company anticipates an uptake in fixed revenue due to rapid fiber deployment in Greece, expecting to support this growth in Q4 2024 and throughout 2025.

  • Despite high personnel expenses, the company's focus remains on cost discipline with a continued strategy of personnel optimization, digitalization, and voluntary retirement schemes.

  • Work continues on the disposal process for the Romania unit, with expected reduction in energy costs by 2025.

  • The deployment of their 10 gigabyte fixed consumer service is expected to become a premium offering, currently in demo status.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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