EQS-News
EuroTeleSites reports revenues of mEUR 63.9 and an EBITDAaL Margin of 56.6% in Q1/2024 - Seite 2
The reporting period was characterized by several milestones, with one highlight being the acquisition of a 3.6 GhZ and 26 GhZ spectrum in Austria by the three mobile network operators A1,
Magenta and Hutchison. In midterm the new spectrum potentially be positive for data growth and locations demand. In addition, mandatory upgrades and new sites for the anchor tenant A1 are on
track.
Financial Results
The company´s business model, driven by increased data demand, resulted in a robust performance across key metrics in the first quarter of 2024. This is reflected both in revenues amounting to
mEUR 63.9, and EBITDAaL at mEUR 36.2. Both figures are in line with expectations and targeted margins. The EBITDAaL margin of 56.6% (year-end 2023: 55.7%) is at a level that demonstrates
the high profitability of the business.
"We carried over the good momentum with which we started as an independent company and further developed our growth potential,” said CFO Lars Mosdorf. “We signed contracts with new tenants and
third parties, resulting in a stable tenancy ratio of 1.23x with a higher number of sites, allowing us to keep our outlook for our business unchanged. For the whole year, we’re expecting revenue
growth of about 5%.”
EuroTeleSites expects CAGR revenue to grow between 4% to 6%, targets a CAPEX ratio of 20% of revenues, and plans to further increase its tenancy ratio from the current 1.23x. In addition, the
company will explore non-MNO business opportunities, develop an ESG strategy as it prepares for CSRD compliance and work towards finishing the installation of a digital asset management software by
the end of the year.
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16.04.2024 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com
Language: | English |
Company: | EuroTeleSites AG |
Lassallestraße 9 | |
1020 Wien | |
Austria | |
E-mail: | info@eurotelesites.com |
Internet: | eurotelesites.com |
ISIN: | AT000000ETS9 |
Listed: | Vienna Stock Exchange (Official Market) |
EQS News ID: | 1881829 |