EQS-News

EuroTeleSites reports revenues of mEUR 63.9 and an EBITDAaL Margin of 56.6% in Q1/2024

EQS-News: EuroTeleSites AG / Key word(s): Quarterly / Interim Statement EuroTeleSites reports revenues of mEUR 63.9 and an EBITDAaL Margin of 56.6% in Q1/2024 16.04.2024 / 19:02 CET/CEST The issuer is solely responsible for the content of this announcement. Highlights

• Revenues amounted to mEUR 63.9, on track to achieve growth target
• EBITDA at mEUR 54.4 with EBITDA margin at 85.1%
• EBITDAaL at mEUR 36.2 with EBITDAaL margin at 56.6%, up from 55.7% at year-end 2023
• CAPEX at mEUR 12.6, driven by mandatory site upgrades
• Rollout of 49 new macro sites and onboarding of 53 third party (MNO) tenants on EuroTeleSites' location; in total 13,496 macro sites
• “Our solid performance in the first quarter of 2024 reflects our growth model that we set out when listing at the Vienna Stock Exchange last year,” said CEO Ivo Ivanovski

Relevant documentation on the results can be found at the following link:

https://eurotelesites.com/investor-relations/

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The investor call will take place on April 17th at 08:00 GMT or 10:00 CEST.

EuroTeleSites, a leading provider of telecommunications infrastructure and solutions in the CEE region and Europe’s third largest listed tower company, reported revenues of mEUR 63.9 and an EBITDAaL margin of 56.6%, in line with the company’s targets in the first quarter of 2024.
While the overall economic activity in the first three month of 2024 remained subdued, EuroTeleSites onboarded 84 new tenants across all markets, including 53 third-party partners from various industries and business areas. The company now operates 13,496 sites across six markets, up from 13,465 at the end of the year.

Despite the quarterly variation in construction activity, EuroTeleSites completed 49 new sites during the first quarter of 2024, investing around 14% of CAPEX. The company spent the majority of CAPEX for mandatory upgrades of the towers for the anchor tenant A1. This resulted in a total CAPEX of mEUR 12.6 and a CAPEX ratio of 19.7%, in line with the company’s business plans.