Telecom Argentina SA Class B ( (TCMFF) ) has released its Q4 earnings. Here is a breakdown of the information Telecom Argentina SA Class B presented to its investors.
Telecom Argentina S.A. is a prominent telecommunications company in Argentina, providing a wide range of services including fixed-line telephone, cellular, data transmission, pay TV, and internet services across Argentina, Paraguay, and Uruguay.
In its latest earnings report for fiscal year 2024, Telecom Argentina reported consolidated revenues of P$4,137,596 million, marking a 7.7% decrease in constant currency terms compared to the previous year. Despite this decline, the company showed signs of recovery in service revenues, particularly in the fourth quarter, where service revenues grew by 2.6% year-over-year, outpacing inflation for the first time in the year.
Key financial highlights include a net income of P$1,033,252 million, a significant turnaround from a loss in the previous year, largely attributed to gains from foreign exchange differences. The company also reported a stable operating margin of 28.2% before depreciation, amortization, and impairments. Additionally, Telecom Argentina’s net financial debt decreased by 36.9% in real terms, reflecting improved financial management.
The company saw growth in its mobile subscriber base, reaching 21.6 million in Argentina, and an increase in cable TV subscribers. However, broadband accesses slightly declined. Investments in property, plant, and equipment were reduced by 34.9%, focusing on expanding cable TV and internet services and enhancing mobile network capabilities.
Looking ahead, Telecom Argentina aims to continue its strategic focus on expanding its network infrastructure and improving service offerings. The company’s management remains optimistic about maintaining a positive trajectory in service revenue growth and further strengthening its financial position.