EuroTeleSites Q3/2024 Financial Results: Revenue and Profitability on the Rise

EuroTeleSites AG reported a revenue increase to mEUR 68.0 in Q3/2024, with an EBITDAaL margin of 58%. The company's EBITDA reached mEUR 58.4, showing a growth of 3.1% compared to the previous quarter. EuroTeleSites maintained its CAPEX at mEUR 13.7, primarily investing in upgrades and new sites. The rollout included 35 new macro sites, bringing the total to 13,568 across six countries.

The infrastructure provider onboarded 69 new tenants, with 53 being third-party mobile network operators. CEO Ivo Ivanovski highlighted the consistent quarterly improvements as evidence of the company's robust business model. CFO Lars Mosdorf underscored high revenue visibility and predictable cash flows as central to deleveraging strategies.

The company's outlook remains positive, with expectations to exceed its 5% revenue growth forecast, maintaining steady CAPEX investments. The company holds a stable financial position, reinforced by recent investment-grade ratings.