Q1 2026 Hellenic Telecommunications Organization SA Earnings Call Transcript

May 8, 2026 / 10:00 AM GMT

Release Date Price: €18.13 (-0.93%)

Transcript

Key Points

Positve

Hellenic Telecommunication Organization SA (HLTOY) reported a strong start to 2026 with a 4.9% increase in global revenues, driven by growth in mobile and fixed retail segments.
The company achieved record levels of FTTH customer additions, despite the absence of state subsidies, highlighting the success of their infrastructure expansion.
Mobile service revenues grew at a solid pace, supported by postpaid segment growth and ongoing migration from prepaid plans.
The ICT segment showed significant growth, with system solutions revenue increasing by 76% year-on-year, driven by digital transformation projects.
Hellenic Telecommunication Organization SA (HLTOY) continues to invest in network excellence and digital services, enhancing its market leadership and supporting Greece's digital transformation.

Negative

The company faces ongoing competitive pressure in the Greek market, which could impact its ability to maintain market share.
There is a decline in wholesale revenues due to the planned phase-out of low-margin international transit traffic, which will continue to affect revenues over the next couple of years.
Operating expenses increased by $32.5 million year-on-year, driven by higher ICT-related expenses and costs associated with fiber connectivity expansion.
The EBITDA margin slightly decreased to 39.4% from 40.2% a year ago, reflecting the high contribution from low-margin revenue streams.
Free cash flow was lower compared to the previous year, primarily due to the timing of income tax payments and other financial obligations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OTEr.AT - Hellenic Telecommunications Organization SA
Q1 2026 Hellenic Telecommunications Organization SA Earnings Call
May 08, 2026 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I am Geri, your chorus call operator. Welcome and thank you for joining Viotek conference call and live webcast to present and discuss the first quarter 2026 financial results.

All participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a question-and-answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing and 0 on your telephone.

At this time, I would like to turn the conference over to Mr. Costas Nebiz, CEO, OTE Group Mr. Babis Mazarakis, Chief Financial Officer Mr. Panagiotzou Gavrilides, Chief Marketing

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