NOS rises on better-than-expected Q4 results

Nos SGPS SA

27/02/2025 11:22

** Shares in NOS NOS.LS rise around 4% to their highest level since mid-April 2023 after the Portuguese telecommunications company posted better-than-expected Q4 results

** Q4 revenues were 4.3% ahead of consensus and Q4 EBITDA was 7.8% ahead of consensus and represented growth of 11.6% year-on-year, J.P.Morgan says

** The broker adds that Q4 net income of 71 million euros was better than consensus estimate of 20 million euros, but notes it benefited from a non-recurring income associated with court rulings and lower finance costs

** However, JPM says it remains concerned over the competitive environment in the Portuguese market in 2025, as Romanian telecoms firm Digi DIGI.BX launched its commercial offerings in November 2024

** If gains hold, the stock will see its best day since early March 2024

 (Reporting by Tiago Brandao)

 ((Tiago.Brandao@thomsonreuters.com;))