Hellenic Telecom Organization S.A. (ADR) ( (HLTOY) ) has released its Q4 earnings. Here is a breakdown of the information Hellenic Telecom Organization S.A. (ADR) presented to its investors.
Hellenic Telecom Organization S.A. (ADR), commonly known as OTE Group, is the largest telecommunications provider in Greece, offering a comprehensive range of services including fixed-line and mobile telephony, broadband, pay television, and ICT solutions, with operations extending to Romania.
In its 2024 fourth-quarter and full-year financial results, OTE Group reported a mixed performance with a slight decline in quarterly revenues by 2.7% year-over-year, while the full-year revenue saw a growth of 3.5%. The company highlighted strong operational achievements in Greece, particularly in mobile and pay-TV services, despite challenges in the Romanian market.
Key financial metrics revealed a 1.0% increase in Adjusted EBITDA (AL) for the quarter, driven by growth in Greek operations, although EBIT and profit to owners of the parent saw significant declines of 35.4% and 52.0% respectively, primarily due to increased depreciation and impairment charges. The company also reported a robust expansion in its Fiber-To-The-Home (FTTH) network, reaching 1.7 million homes in Greece, and maintained a strong 5G network coverage.
Looking ahead to 2025, OTE Group plans to continue its aggressive investment strategy, aiming to expand its FTTH coverage to 2.1 million homes and enhance its 5G infrastructure. The company remains optimistic about growth opportunities in broadband, mobile, and ICT services, supported by government initiatives and strategic partnerships. OTE’s management is confident in achieving accelerated growth and enhancing shareholder value in the coming years.
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