REG - Telecom Egypt S.A.E - 25 Guidance:Enhanced Fin. Position&Optimized CapEx

Telecom Egypt Co SAEAnnouncement

24/12/2024 07:00

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RNS Number : 1988R  Telecom Egypt S.A.E  23 December 2024

2025 Guidance: Enhanced Financial Position and Optimized CapEx

 

23 December 2024 - Telecom Egypt's Board of Directors has approved the 2025
budget with KPI guidance as follows:

 

·    Revenue growth percentage planned in the low twenties

·    EBITDA margin projected in the high thirties

·    In-service CapEx-to-sales ratio projected in the low twenties

·    Positive FCFF-to-EBITDA ratio estimated in the early forties

 

Mohamed Nasr, Managing Director and Chief Executive Officer, commented:

"We are optimistic about 2025 and confident it will be another strong year for
Telecom Egypt. As the global macroeconomic conditions show signs of
stabilization, our budget reflects our belief in the resilience and strength
of our business model, which continues to navigate the complexities of the
current economic landscape effectively.

We aim to continue our growth momentum while retaining our operating expenses
amid the current inflationary environment to maintain and enhance our
profitability. On the capital expenditure front, we have optimized our plans,
underscoring our commitment to prioritize high-yield investments that drive
our network enhancement and the quality of our services while improving our
cash flows. By carefully reducing expenditure while maintaining revenue
growth, we aim to generate healthier cash flows without compromising our
strategic objectives.

Looking ahead, we remain focused on harnessing the full potential of our
diverse service portfolio to fuel sustained growth. We will also prioritize
the strategic monetization of our assets and infrastructure while rigorously
optimizing costs to drive operational efficiency. Our unwavering commitment to
sustainable growth across our core business lines positions us to deliver
long-term value for our shareholders."

- End -

 

About Telecom Egypt

 

Telecom Egypt is a total telecom services provider in Egypt that provides a
wide array of services to a diverse customer base. Serving individuals,
communities, SOHOs, SMEs and large enterprises, Telecom Egypt offers a
comprehensive, innovative, and diversified portfolio of services, ranging from
fixed and mobile voice to essential data solutions crucial in today's digital
landscape. These services also include high-speed internet, smart solutions,
data center facilities, and cloud computing solutions tailored for businesses.

With a rich heritage of about 170 years, Telecom Egypt continues to lead the
Egyptian telecom market by providing cutting-edge technology, robust
infrastructure, and an extensive network of subsea cables to meet the needs of
its enterprise and consumer clientele. The company's pivotal role in Egypt's
telecommunications landscape is underscored by its expansive network coverage,
broad service range, and dedication to fostering innovation. Aside from its
mobile operation "WE," Telecom Egypt holds a significant 45% ownership stake
in Vodafone Egypt. Telecom Egypt's shares and GDRs (Ticker: ETEL.CA; TEEG.LN)
are traded on the Egyptian Exchange and the London Stock Exchange.

 

For more information, contact:

The investor relations team

Email: investor.relations@te.eg (mailto:investor.relations@te.eg)

 

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