NOS edges down after 'mixed' Q1 consumer performance indicators

Nos SGPS SA

07/05/2025 10:17

** Shares in NOS NOS.LS slip 2% after the Portuguese telecommunications company posted "mixed" consumer performance indicators in Q1

** J.P. Morgan points to a slower consumer telco growth at 1.6% in Q1 vs 4.1% in Q4, as the company highlighted increased competitive pressure with Romanian telecoms firm Digi launching in Q4

** JPM estimates consumer average revenue per user (ARPU) growth declined 0.4% y/y versus +3.1% in Q4

** Other group key performance indicators were mixed with total revenue generating unit (RGU) net losses of 40,000 vs +70,000 in Q4, the broker adds

** Shares are underperforming the Portuguese blue-chip index .PSI20, which rises 0.3%, and are at their lowest since Feb. 11

($1 = 0.8807 euros)

 (Reporting by Joanna Jonczyk-Gwizdala)

 ((joanna.jonczyk@tr.com))