Q1 2025 Hellenic Telecommunications Organization SA Earnings Call Transcript
Key Points
- Hellenic Telecommunication Organization SA (HLTOY) reported a solid start to 2025 with increased revenues and EBITDA in Greece across core segments such as mobile, TV, broadband, and ICT.
- The company continues to strengthen its market leadership in mobile services, supported by solid trends in service revenues and post-paid customer growth.
- There are encouraging signs of stabilization in the fixed retail business, driven by strong adoption of fiber to the home services.
- The ICT segment posted another strong quarter, supporting the digital transformation of Greece's economy and public services.
- The TV segment achieved double-digit growth, supported by content partnerships and the anticipated implementation of anti-piracy legislation.
- Revenues in Romania continue to face pressure, with an 8% decline in the quarter due to competitive challenges in the post-paid segment.
- Wholesale revenues were down nearly 5% due to lower margins in international transit-traffic revenues and competition's network build-outs.
- The company faces ongoing challenges with the disposal process of Telekom Mobile in Romania, which has been a headwind for several quarters.
- Fixed broadband lines showed a slight decline, indicating potential market saturation or temporary factors impacting growth.
- The company is dealing with procedural issues related to government coupons, which initially slowed broadband net additions.
Ladies and gentlemen, thank you for standing by. I am Yote, your Chorus Call operator. Welcome, and thank you for joining the OTE conference call and live webcast to present and discuss the first-quarter 2025 financial results. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Kostas Nebis, CEO, OTE Group; Mr. Babis Mazarakis, Chief Financial Officer; Mr. Panayiotis Gabrielides, Chief Marketing Officer, Consumer Segment OTE Group; and Mr. Evrikos Sarsentis, Head of IR and M&A. Mr. Nebis, you may now proceed.
Thank you, and good morning or good afternoon to all of you. Thank you for joining us today for OTEâs first-quarter results for 2025. I'm pleased to report that we have made a solid start to the year 2025. Our first-quarter results reflect the positive momentum we have been building as our strategy unfolds, and we focus on accelerating our growth.
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