EQS-News: EuroTeleSites Reports Strong Q2/2026 Results with Growth Across Key Financial and Operating Metrics

EQS-News: EuroTeleSites AG / Key word(s): Half Year Results
   EuroTeleSites Reports Strong Q2/2026 Results with Growth Across Key
   Financial and Operating Metrics

   21.07.2026 / 18:15 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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     • Revenue grew by 8.4% YoY to 75.9 mEUR;
       excluding a non-recurring revenue contribution of approximately
       2.4 mEUR, underlying growth remained solid at 5.0% (+3.5 mEUR)
     • Third-Party revenue increased by 32.5% YoY
     • Adjusted EBITDAaL increased by 5.6% YoY (+2.2 mEUR) to 41.6 mEUR,
       resulting in an adjusted EBITDAaL margin of 56.6%
     • Onboarding of 104 new tenants on existing and new sites in Q2 (373
       YoY)
     • CAPEX at 11.4 mEUR, including mandatory upgrades, maintenance and
       rollout investments
     • Fitch upgrades EuroTeleSites to BBB; Moody’s affirms Baa2 and revises
       outlook to Positive

   CEE remains a highly diverse region, with varying economic, political and
   inflationary developments. Growth is primarily driven by foreign
   investment, EU integration, tourism and industrial expansion, while
   geopolitical uncertainties continue to create challenges. The telecom
   sector remains resilient, supported by 5G and fiber expansion, growing
   data demand, digitalization, AI adoption, and continued network
   densification. Data traffic across Central and Eastern Europe continued to
   grow strongly in HY/2026, driven by increasing digitalization and AI
   adoption, reinforcing demand for 5G, fiber and network capacity. Industry
   analysts expect this upward trend to continue for the foreseeable future
   as digitalization accelerates across both consumer and enterprise
   segments. (Source: GSMA Intelligence, July 2026)

   Market Highlights

   “I am pleased to report that our third-party revenue grew by 32.5% YoY,
   while we continue to execute a significant volume of projects scheduled
   for delivery this and next year. A large share of these projects is in
   Austria and supports our Anchor Tenant in fulfilling the 5G coverage
   obligations in the white-zone areas. While these deployments may
   temporarily limit short-term tenancy growth, they create attractive
   long-term opportunities for additional co-location and revenue expansion.
   Across our CEE footprint, we operate in markets that are still in the
   early stages of digital infrastructure expansion, offering substantial
   untapped potential. This creates a significant growth opportunity for us
   as a tower infrastructure provider. 2026 is a particularly important year,
   marked by the rollout of a large number of new sites. These investments
   will further strengthen our market position and support future tenancy
   growth as network demand continues to increase”, said Ivo Ivanovski, CEO
   EuroTeleSites.

   Financials

   Revenue increased by 8.4% YoY to 75.9 mEUR. Excluding the non-recurring
   revenue effect of approximately 2.4 mEUR related to the finalization of
   customer projects, adjusted revenue growth was 5.0%, or 3.5 mEUR. On the
   whole, Q2 showed a strong performance supported by indexation, third-party
   tenant growth (+32.5%) and infrastructure expansion. A key indicator of
   the strength and scalability of our business model is the EBITDAaL margin.
   It reached a level of 56.6% at the end of Q2. This reflects the true,
   recurring operating performance of the business, as it accounts for
   lease-related costs and provides a clearer picture of the underlying
   profitability and sustainability of the operations. EBITDAaL adjusted is
   at 41.6 mEUR, attributable to higher revenues and partially offset by
   higher maintenance and higher leases. CAPEX amounted to 11.4 mEUR and
   remains on plan, primarily driven by mandatory upgrades in the amount of
   6.0 mEUR, maintenance of 1.1 mEUR and rollout of new sites of 4.3 mEUR.
   Several upgrades were carried out at the anchor tenant’s request,
   including installations of new multiband antennas and to prepare the sites
   for future use of third parties.

   “In Q2/2026 we have delivered solid financial results. The recent rating
   actions by the rating agencies Moody’s and Fitch reflect their confidence
   in the strength of our business model, disciplined financial management
   and consistent execution. Moody’s reaffirmed our investment-grade rating
   Baa2 and revised its outlook to positive, while Fitch recently upgraded
   our rating to BBB with a stable outlook”, said Lars Mosdorf, CFO
   EuroTeleSites.

   EuroTeleSites Outlook
   In 2026, EuroTeleSites will remain focused on the core activities: leasing
   passive infrastructure, executing mandatory upgrades, expanding its tower
   portfolio, and integrating additional third-party tenants to further
   strengthen the tenancy ratio. Growth will continue to be supported by the
   ongoing rollout of 5G across all markets and rising data consumption, with
   lease contracts adjusted annually for inflation.

   Management expects revenue growth of approx. 4-5% for the financial year
   2026. Positive cash flow will continue to be directed toward deleveraging,
   in doing so, EuroTeleSites is increasingly benefiting from improved
   interest rate conditions and the resulting lower financing costs.
   Furthermore, EuroTeleSites continues to expand its infrastructure to
   further increase 5G coverage, particularly in Austria. The initiative
   includes a larger than usual construction program for the following years,
   providing additional towers for the anchor tenant and improving
   connectivity for end customers. As a result, the CAPEX-to-revenue ratio is
   expected to be around 25%. In total, the construction of more than 400 new
   sites is planned.

   Overall, management reaffirms its strategic course and believes the
   company is well positioned to achieve its growth and financial targets for
   2026. 

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

   The investor call will take place tomorrow, 22 July, at 10 amVienna time.
   Participation is possible under the following link:
   [2]Präsentation
   [3]Data Book
   [4]EuroTeleSites HY26 Results | EuroTeleSites AG

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   21.07.2026 CET/CEST This Corporate News was distributed by [5]EQS Group

   View original content: [6]EQS News

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   Language:    English
   Company:     EuroTeleSites AG
                Lassallestraße 9
                1020 Wien
                Austria
   E-mail:      [email protected]
   Internet:    eurotelesites.com
   ISIN:        AT000000ETS9
   Listed:      Vienna Stock Exchange (Official Market)
   LEI Code:    5299007TJV9W1OY91Y28
   EQS News ID: 2369544


    
   End of News EQS News Service


   2369544  21.07.2026 CET/CEST

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