Greece's Hellenic Telecom Q3 revenue rises on FTTH, postpaid mobile growth

Overview

• Greece telecom provider's Q3 revenue rose 1% yr/yr, driven by mobile and system solutions growth

• Adjusted EBITDA (AL) for Q3 grew 3.1% yr/yr, margin expanded to 42.1%

• Company acquired 3.36 mln shares in Q3 as part of ongoing buyback program

Outlook

• OTE reiterates 2026 guidance for adj EBITDA (AL) growth of about 3%

• Company expects 2026 free cash flow (AL) of about €750 mln; underlying FCF €570-580 mln

• Capex for 2026 seen at about €600 mln, focused on FTTH expansion and 5G rollout

Result Drivers

• FTTH AND TV UPTAKE - Co said fixed retail service revenue growth was supported by continued FTTH customer take-up and positive contributions from TV and Fixed Wireless Access services

• POSTPAID MOBILE GROWTH - Co said mobile service revenue growth was driven by continued postpaid expansion and demand for higher-value data services

• SYSTEM SOLUTIONS - Co said solid growth in System Solutions and Data Communications helped offset planned rundown of international wholesale activities

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and 3 "sell" or "strong sell"

• The average consensus recommendation for the integrated telecommunications services peer group is "buy."

• Wall Street's median 12-month price target for Hellenic Telecommunications Organization SA is €21.40, about 15.2% above its October 29 closing price of €18.57

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads

• Oct 30 - Greece's OTE posts 3.1% rise in third-quarter adjusted core earnings

• Oct 28 - Norway's Telenor Q3 service revenue rises, maintains 2026 forecast

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)