EuroTeleSites AG Reports Strong Financial Performance in Q1/2024

EuroTeleSites AG, a prominent telecommunications infrastructure provider in Central and Eastern Europe, disclosed its financial results for the first quarter of 2024. The company reported revenues of mEUR 63.9 and an EBITDAaL margin of 56.6%, which aligns with their projected growth targets. Previously at the end of 2023, the EBITDAaL margin was slightly lower at 55.7%.

During the quarter, EuroTeleSites achieved significant advancements, including the deployment of 49 new macro sites and the addition of 53 new third-party tenants. This growth brings the total number of sites to 13,496. The company’s CAPEX for this period was mEUR 12.6, reflecting a strategic focus on mandatory site upgrades, particularly for their anchor tenant A1.

The company’s CEO, Ivo Ivanovski, expressed satisfaction with these results, emphasizing that they reflect the robust growth model initiated during their last year's listing on the Vienna Stock Exchange. He highlighted the positive outlook for the company amidst increasing digitalization and economic activities across their operating regions.

EuroTeleSites also plans significant strides in developing non-MNO business opportunities and enhancing its ESG strategy to align with upcoming CSRD requirements. These efforts underline the company’s commitment to broadening its operational scope and sustainability in the telecommunications sector.