Strong Financial Performance
Revenues increased by 7.3%, EBITDA by 8.8%, and recurring levered free cash flow by 16.2% for Fiscal Year 2024. EBITDA margin improved from 59% to 61%, marking consistent growth for seven quarters in a row.
Successful Contract Renegotiations
Mutually beneficial contract renegotiations with major clients like Vodafone and VMO2 in the UK, and MasOrange in Spain, securing long-term business and extending strategic partnerships.
Asset Rotation and Capital Structure Management
Successful asset disposals in the Nordics, Ireland, and Austria, achieving investment-grade rating by S&P nine months ahead of schedule, and reducing leverage from 7.7 to 6.4 over 24 months.
Shareholder Remuneration
Announced an €800 million share buyback program, starting a sustainable shareholder return policy, with potential for further returns if more asset disposals occur.
Operational Excellence Initiatives
Integration of IT systems, increased automation, and productivity improvements led to higher customer satisfaction and all-time high Net Promoter Scores.