EQS-News 105 0 Kommentare EuroTeleSites reports revenues of mEUR 63.9 and an EBITDAaL Margin of 56.6% in Q1/2024 - Seite 2

“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. “We're set to benefit from an improved economic activity and faster digitalization across all industries in our region. I’m particularly pleased that we managed to onboard 84 new tenants across our six markets, confirming our attractive offer for our customers.”

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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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