EuroTeleSites Exceeds 2024 Guidance with Strong Financial Performance

In 2024, EuroTeleSites reported a revenue increase of 9.8%, reaching mEUR 270.2, surpassing its initial guidance. The EBITDA margin stood at 84.1%, highlighting operational efficiency. Capital expenditures focused on site upgrades amounted to mEUR 55.2, targeting enhanced 5G readiness. The company added a net total of 172 sites, ending the year with 13,637 locations.

CEO Ivo Ivanovski emphasized the solid financial outcomes driven by new site development and onboarding of 224 third-party tenants. The EBITDAaL margin achieved was a robust 56%, reflecting cost-effective management practices. Meanwhile, the net debt ratio improved significantly to 6.2x.

Confident in future prospects, CFO Lars Mosdorf remarked on investor confidence, with shares rising by 29% in 2024. Looking ahead to 2025, EuroTeleSites anticipates a 4% revenue growth, aligning with its strategic investment focus and sustained momentum in the telecom sector.