)
EuroTeleSites (ETS) investor relations material
EuroTeleSites Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 3.7% year-over-year revenue growth in FY 2025, driven by contractual inflation adjustments, portfolio expansion, and onboarding of 155 new third-party tenants, with 255 new sites rolled out and 14 sites acquired in North Macedonia.
Third-party organic revenue increased 18% year-over-year, with total third-party revenue up 10.4%.
Ongoing 5G rollout in Central and Eastern Europe supported market growth, with Serbia completing its 5G spectrum auction.
Recognized as a reliable tower company, expanding anchor tenant base and serving three additional anchor tenants in new countries.
EBITDA margin remained robust at 85.9% in Q2 2024, reflecting strong operational efficiency.
Financial highlights
FY 2025 revenue reached €280.2 million, up from €270.2 million in FY 2024, with organic growth at 5.3% excluding one-time effects.
EBITDA after leases (EBITDAaL) rose 6.6% to €161.3 million, while reported EBITDA for FY 2025 was €239.3 million.
Net result for FY 2025 was €33.4 million, compared to €29.7 million in FY 2024.
CAPEX for FY 2025 was €52.9 million, representing 18.9% of revenue.
Cash flow from operations minus CAPEX paid reached €171.5 million.
Outlook and guidance
2026 revenue growth expected at 4–5%, with CAPEX targeted at 25% of revenue due to a special project in Austria involving 400 macro sites over two years.
Mid-term guidance targets 4–5% CAGR revenue growth and maintaining high margins.
Continued focus on deleveraging, targeting a midterm leverage of 5x EBITDA, with no dividend planned until leverage target is met.
Annual net results to be used for debt reduction; dividend policy to be revisited after reaching leverage target.
Next EuroTeleSites earnings date
Next EuroTeleSites earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)