Greece's OTE Hellenic Telecom Q1 revenue rises 4.9%

Hellenic Telecommunications Organization SA

08/05/2026 08:12

Overview

Greece telecom provider's Q1 revenue rose 4.9% yr/yr, driven by mobile and ICT growth

Adjusted EBITDA for Q1 rose 2.8% yr/yr; profit to owners fell due to prior-year tax benefit

Company announced €355 mln dividend and €177 mln share buyback for 2026

Outlook

OTE reiterates 2026 free cash flow guidance at about €750 mln, underlying FCF €570-580 mln

Company expects 2026 capital expenditure of about €600 mln, mainly for FTTH and 5G expansion

OTE expects adjusted EBITDA (AL) growth of about 3% in 2026

Result Drivers

MOBILE GROWTH - Mobile service revenues rose 5.5%, driven by postpaid customer migrations and higher data usage

ICT MOMENTUM - System Solutions revenues surged 76.3% as public sector digitalization projects accelerated and the company expanded its non-public sector client base

FIXED RETAIL & FTTH - Fixed retail service revenues rose 1.1%, supported by ongoing FTTH network expansion and higher customer uptake

Company press release: ID:nRSH5855Da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 859.40 mln
EUR 818.94 mln (1 Analyst)
Q1 Adjusted EBITDA
EUR 338.40 mln
Q1 Free Cash Flow
EUR 60.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 5 "hold" and 1 "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 €19.75, about 7.9% above its May 7 closing price of €18.30

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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.)