Telekom Austria Ag (TKMAF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and thank you, operator. Thanks for joining our call on the Q4 and full year results 2024. I'm here with our management. I'm here with our CEO, Alejandro Platzer, our deputy CEO, Thomas Arnoldner, and our CFO, Sonja Weimer. And as usual, they will lead you through the presentation now, and we are happy to take your questions afterwards in the Q&A sessions. Thank you. Thank you very much. Good morning to everyone. Let us drive you through some of our Q4 and fall year results, as you can see in the slide. We had a strong end of the year, showing 4% service revenue growth, driven primarily by our international OCEE operations. Also, you have seen strong total revenues. As we were anticipating in different calls, we were working in several big ICT business. Some of them we managed to close in 24. Some we hoped that we would close in 25. EBITDA also show a strong performance with a growth of 7.1%, as well as free cash flow coming up to 575 million euros for the full year, plus 62% versus 2023. Despite the increase of leases, as you know, we had a spin-off of our towers in 2023, which reflects an increase of leases in the year, of course, But nevertheless, we managed to grow free cash flow by 62%. On the market, we see a very strong equipment sales in Bulgaria, Belarus, and Austria. That's something that we were working on, especially in Austria. We were very active in the Christmas campaigns with more hardware offers. We adjusted our subsidies in several parts of the portfolio since we saw an opportunity to push hardware sales and also to have a better platform on the subscriber base, as you will see later, and also Bulgaria primarily driven by large ICT deals that were reported in the quarter. We managed also to revert the penalty that we got in ...