Q2 2025 Hellenic Telecommunications Organization SA Earnings Call Transcript

Aug 06, 2025 / 10:00AM GMT

Release Date Price: €15.88 (-0.87%)

Transcript

Key Points

Positve

Hellenic Telecommunication Organization SA (HLTOY) reported solid revenue and EBITDA growth, supported by strong performance across all core segments.
The company achieved a return to revenue growth in Fixed Retail, driven by the expansion of its Fiber-to-the-Home (FTTH) network and increased customer penetration.
The Mobile segment saw significant service revenue growth, supported by the migration of customers to contract plans and enhancements in prepaid offerings.
The ICT business delivered double-digit growth, highlighting the company's ability to support digital transformation across Greece.
The company is well-positioned to capitalize on future opportunities, with a comprehensive range of bundle offerings and network excellence fostering deeper customer relationships and higher loyalty.

Negative

The Romanian operations faced an 8% decline in the quarter, primarily due to ongoing pressure in the postpaid segment.
Wholesale revenues decreased by 3.3% this quarter, driven by lower international transit traffic and competition expanding their own fiber networks.
The company incurred a EUR40 million write-down related to Telekom Romania Mobile, impacting depreciation costs.
CapEx increased by nearly 13% in the second quarter, reflecting investments in FTTH rollout and higher payments related to TV.
The company faces potential headwinds from the competitive market environment and inflation-driven cost increases, particularly in labor-intensive services.

Operator

Ladies and gentlemen, thank you for standing by. I am Gail, your Chorus Call operator. Welcome, and thank you for joining the OTE conference call and live webcast to present and discuss the second-quarter and six-month 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.

Kostas Nebis

Hellenic Telecommunications Organization SA - Executive Chairman of the Board, Chief Executive Officer

Thank you. Greetings to everyone, and thank you for joining us today for our second-quarter results review.

Let me start with the very recent significant development regarding the disposal of our Romanian operations. A few days ago, we received the anticipated approval by the Romanian authorities, a key step in the completion of the sales transaction that

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