Hellenic Telecommunications Organizations S.A.

HTO

Equity

ISIN GRS260333000 / Valor 449134

Athens Exchange S.A. Cash Market (2026-10-15)

EUR 19.14-1.24%

Hellenic Telecommunications Organizations S.A.
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About company

Hellenic Telecommunications Organization S.A. (OTE) is a prominent telecommunications provider headquartered in Maroussi, Greece. The company delivers a comprehensive range of services, including fixed and mobile telephony, broadband, and internet access via advanced 4G and 5G networks. Additionally, OTE offers satellite communication, television services, and develops telecom equipment. Through its subsidiaries, the company extends its offerings to include financing, e-commerce, retail, wholesale broadband and infrastructure services, electronic money services, ICT, Pay TV, and marketing services. OTE caters to both business and residential customers across several countries, including Belgium, the Netherlands, Greece, Romania, and the UK, thereby targeting a diverse array of markets. The company's strategic distribution through various subsidiaries enhances its presence and influence in the telecommunications sector.

Summarized from source with an LLMView SourceSector: Telecommunications

Key financials

Group revenues €1,788.3m (+7.9% YoY); Adjusted EBITDA (AL) €652.7m (+0.6%) with margin 36.5% (-2.6pp); operating profit €353.3m (+6.3%); profit to owners €260.7m (+5.5%); adjusted capex €273.6m (+10.9%); Free Cash Flow €248.3m (-32.9%). Net debt €457.0m (net debt / 12‑month Adj. EBITDA ~0.3x).

Greece performance (dominant market)

Greece revenues €1,658.4m (+8.9%) driven by Mobile, TV and ICT; Greek Adjusted EBITDA (AL) €650.0m (+1.5%) with a 39.2% margin. Strong ICT growth (B2B ICT +43.6%) and wholesale/international transit gains; FTTH rollout and Pay‑TV agreement with NOVA highlighted as drivers.

Romania operations

Telekom Romania Mobile revenues €132.9m (-3.9%); mobile service revenues down 18.0% (MTR cuts and competitive retention actions); Adjusted EBITDA (AL) sharply lower at €2.7m (-67.5%) and margin 2.0%. Management cites regulatory and competitive pressure plus a new revenue tax (~€1.3m effect).

Operational KPIs & network build

FTTH footprint expanded to ~1.46m homes passed; FTTH subscribers 324k (+67.5% YoY) and FTTx subscribers 1,581k. Broadband subscribers 2.407m (+0.8%); TV subs 687k (+6.2%); mobile postpaid growth to 2.78m (+6.9%) while total mobile subscribers declined slightly to 7.19m.

Cash, capital allocation and shareholder returns

Cash €686.0m (down 16.5% YoY); net debt increased to €457.0m. Company targets ~95% of 2024 FCF for shareholder remuneration (~€450m total: €297m dividend, ~€153m buyback). Dividend approved €0.71/share (paid €0.7216 gross on 10 July 2024); buyback ongoing (4.62m shares bought H1; cancellation of 5.31m own shares completed).

Guidance & outlook

Full‑year 2024 guidance reiterated: Free Cash Flow ~€470m and CAPEX €610–€620m (FTTH rollout prioritized). Management expects continued strength in Greece, while Group results will be affected by Romania headwinds.

Significant corporate items and risks

Notable events: COSMOTE merger into OTE completed Jan 2, 2024; €40m bond issued (due Oct 2024) fully subscribed by Deutsche Telekom; tower spin‑off being explored. Key risks: Romania regulatory/MTR and competition, higher energy and tax outflows, cybersecurity/data protection, supply‑chain and climate transition risks. Management reports no new impairment provisions as of June 30, 2024.

Summarized from source with an LLMView Source

Key figures

21.8%1Y

44.1%3Y

22.7%5Y

Performance

20.9%1Y

22.4%3Y

23.3%5Y

Volatility