EQS-News: EuroTeleSites Meets Growth Expectations in Q1/25

EQS-News: EuroTeleSites AG / Key word(s): Quarterly / Interim Statement
   EuroTeleSites Meets Growth Expectations in Q1/25

   29.04.2025 / 19:02 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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     • +5.9% revenue growth YoY resulted in mEUR 67.7 revenues
     • EBITDA in Q1 at mEUR 59.6 with EBITDA margin at 88.0%
     • EBITDAaL in Q1 at mEUR 40.2 with EBITDAaL margin at 59.5%
     • Rollout of 36 new sites in Q1 leads to 13,662 total sites
     • Onboarding of 24 third-party tenants on existing and new sites in Q1
     • CAPEX at mEUR 12.3, with mandatory upgrades still accounting for most
       of the CAPEX
     • Refinancing of mEUR 255 at more favorable conditions

   In Q1/25, the global economy faced continued uncertainty due to further
   inflation in key markets, and ongoing geopolitical tensions. For Tower
   Companies, these challenges translated into rising capital costs, delays
   in infrastructure rollouts, and increasing pressure on operational
   efficiency. Despite these headwinds, demand for digital connectivity
   remains strong, driving the need for resilient strategies, cost-optimized
   network expansion, and agile adaptation to evolving market conditions.

   “Year over year, we achieved solid revenue growth of 5.9%, driven by the
   development of new tenants", says Ivo Ivanovski, CEO of EuroTeleSites. "I
   am also pleased to announce that we have received our first Build-to-Suit
   orders from two different MNOs outside of A1 Group. This is a strong
   testament to the recognition we have earned for our quality of work and
   reliable on-time delivery".

   Revenues were at mEUR 67.7, growth is primarily driven by indexation
   effects, the addition of new sites, and continued onboarding of
   third-party tenants across all markets. In Q1 36 new sites were
   constructed across the six operating countries - Austria, Bulgaria,
   Croatia, North Macedonia, Serbia and Slovenia - bringing the total number
   of sites to 13,662.

   The EBITDA margin stood at 88.0%, highlighting the strong operational
   efficiency and disciplined cost management. Even more telling of the core
   business strength, the EBITDAaL margin reached an even higher level,
   closing Q1/25 at 59.5%. This reflects the true, recurring operating
   performance of our business, as it accounts for lease-related costs and
   provides a clearer picture of the underlying profitability and
   sustainability of the operations.

   CAPEX amounted to mEUR 12.3, primarily driven by mandatory upgrades,
   network rollouts and ongoing maintenance. In addition to the contractually
   agreed upgrades, further modifications were carried out at the anchor
   tenant’s request, such as installations for new LTE antenna spaces or
   multi-band antennas. As part of the mandatory upgrades, towers were
   prepared to accommodate both the anchor tenant’s standard configuration
   and a potential second tenant.

   "We are continuing to optimize our expenditure structure: Therefore, in Q1
   2025, we have fully refinanced our remaining term loan by a private
   placement. Therewith, we are securing more favorable interest rates and
   reducing our overall interest expenses,” says Lars Mosdorf, CFO
   EuroTeleSites.

   Outlook

   Looking ahead, the demand for digital connectivity will further accelerate
   as technologies like 5G, IoT, AI, and cloud services continue to shape how
   we live and work. As user expectations rise and data consumption grows,
   the industry must invest in smart, future-proof solutions, balancing
   innovation with cost-efficiency. The ability to adapt quickly to shifting
   market needs and regulatory landscapes will be key to capturing growth and
   delivering long-term value.

   Accordingly, the outlook for EuroTeleSites remains optimistic: For 2025,
   EuroTeleSites reaffirms its financial guidance, anticipating revenue
   growth of approximately ~4%. The CAPEX outlook remains unchanged, expected
   to represent around ~20% of revenues. In parallel, EuroTeleSites continues
   to strengthen its financial position by further reducing debt, aiming to
   uphold its investment grade ratings from Moody’s and Fitch.

   Please find detailed information on the key data and segments at
   [1]https://eurotelesites.com/investor-relations/ .

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   29.04.2025 CET/CEST This Corporate News was distributed by EQS Group.
   www.eqs.com

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   Language:    English
   Company:     EuroTeleSites AG
                Lassallestraße 9
                1020 Wien
                Austria
   E-mail:      info@eurotelesites.com
   Internet:    eurotelesites.com
   ISIN:        AT000000ETS9
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 2126896


    
   End of News EQS News Service


   2126896  29.04.2025 CET/CEST

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