Refile: Greece's Hellenic Telecom Q3 revenue rises on FTTH, postpaid mobile growth
REFILE-Greece's Hellenic Telecom Q3 revenue rises on FTTH, postpaid mobile growth Corrects to remove extraneous "beat" for Q3 revenue in Key Details table
Overview
Greece telecom provider's Q3 revenue rose 1% yr/yr, driven by mobile and system solutions growth
Adjusted EBITDA (AL) for Q3 grew 3.1% yr/yr, margin expanded to 42.1%
Company acquired 3.36 mln shares in Q3 as part of ongoing buyback program
Outlook
OTE reiterates 2026 guidance for adj EBITDA (AL) growth of about 3%
Company expects 2026 free cash flow (AL) of about €750 mln; underlying FCF €570-580 mln
Capex for 2026 seen at about €600 mln, focused on FTTH expansion and 5G rollout
Result Drivers
FTTH AND TV UPTAKE - Co said fixed retail service revenue growth was supported by continued FTTH customer take-up and positive contributions from TV and Fixed Wireless Access services
POSTPAID MOBILE GROWTH - Co said mobile service revenue growth was driven by continued postpaid expansion and demand for higher-value data services
SYSTEM SOLUTIONS - Co said solid growth in System Solutions and Data Communications helped offset planned rundown of international wholesale activities
Company press release: ID:nRSd1637Ba
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| EUR 882.70 mln |
|
Q3 Adjusted EBITDA |
| EUR 371.40 mln |
|
Q3 Free Cash Flow |
| EUR 137.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "buy."
Wall Street's median 12-month price target for Hellenic Telecommunications Organization SA is €21.40, about 15.2% above its October 29 closing price of €18.57
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago
Reuters Recommended Reads
Oct 30 - Greece's OTE posts 3.1% rise in third-quarter adjusted core earnings
Oct 28 - Norway's Telenor Q3 service revenue rises, maintains 2026 forecast
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)