- Hellenic Telecom reported a third-quarter net income of €153.6 million, marking a 2.4% increase compared to the previous year.
- Adjusted net income for the same period reached €162.2 million, showing a 5.9% rise year-on-year.
- The company’s adjusted EBITDA after leases for the third quarter was €350.1 million, slightly down by 0.7% year-on-year.
- Revenue for the third quarter stood at €897.2 million, with a 1.8% increase, although it fell short of the €907 million estimate.
- For the first nine months, adjusted net income totaled €445.2 million, representing a 5.5% increase from the previous year.
- The nine-month adjusted EBITDA after leases reached €1.00 billion, experiencing a marginal growth of 0.1% year-on-year.
- Revenue for the first nine months climbed by 5.8% year-on-year to €2.69 billion.
- Net income over nine months was €414.3 million, which is a 4.3% increase year-on-year.
- Free cash flow for 2024 is projected to be around €435 million, down from the earlier forecast of €470 million due to a €33.5 million tax payment in Romania.
- Hellenic Telecom plans to allocate approximately €450 million for shareholder returns in 2024, with €297 million already disbursed in cash dividends and about €153 million earmarked for share buybacks.
- The company expects consistent EBITDA trends in Greece for the rest of 2024, while overall group results will continue to face challenges in Romania.
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A look at Hellenic Telecommunications Or Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
With a solid profile in the telecommunications sector, Hellenic Telecommunications Organization S.A. (OTE S.A.) is positioned for a promising long-term outlook based on the Smartkarma Smart Scores. The company’s high scores in areas like Dividend (4) and Momentum (5) indicate a strong performance in providing returns to investors and maintaining growth momentum. Additionally, its above-average scores in Resilience (4) highlight its ability to withstand market challenges, contributing to its overall favorable outlook.
OTE S.A.’s balanced scores across various factors, including Growth (3) and Value (2), suggest a well-rounded approach to business operations. This indicates a company that not only offers steady growth opportunities but also maintains a fair valuation, enhancing its attractiveness to potential investors. With a blend of strengths in different areas, Hellenic Telecommunications Organization S.A. appears well-equipped to navigate the evolving telecommunications landscape and deliver value to its stakeholders in the long run.
Summary: Hellenic Telecommunications Organization S.A. (OTE S.A.) provides telecommunications services, including fixed-line television and mobile telecommunication services such as voice, broadband, data, and leased lines. Serving a diverse range of industries and customers, OTE S.A. remains a key player in the telecommunications sector poised for future growth and stability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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