EarningsQ2 2026 Earnings Report
DE:OTES Q2 2026 EPS Results
Actual EPS€0.20
Consensus EPS€0.20
Beat/MissMissed by -<€0.01
One Year Ago EPS€0.17
DE:OTES Q2 2026 Revenue Results
Actual Revenue€883.75M
Expected Revenue€884.90M
Beat/MissMissed by -€1.14M
YoY Revenue Growth-3.88%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
DE:OTES Upcoming Earnings
Hellenic Telecom Organization SA's next earnings date is estimated for October 30, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:OTES Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive operational and financial picture: strong, diversified revenue growth (adjusted +8%), record FTTH and postpaid net additions, robust ICT momentum with large contract wins, improved EBITDA margin (40.1%), S&P upgrade to A-, and maintained CapEx and cash-flow guidance. Headwinds are meaningful but manageable: an announced EUR60m quarterly hit from winding down 0-margin international transit, competitive risks from expanding FTTH (and a potential PPC-Vodafone JV), normalization of RRF-driven ICT revenues in H2, and timing-dependent realization of cost/transformation benefits. Overall, the strength across multiple growth pillars and clear plans to offset known pressures support a constructive outlook.Company Guidance
Consolidated Revenue Growth (adjusted)
Total revenues, adjusting for the planned phase-out of the international wholesale business (0 margin), increased by 8% year-on-year, driven by system solutions, mobile growth and resilient fixed retail.
EBITDA Improvement and Margin Expansion
Adjusted EBITDA after leases rose by 3% in the quarter with margin improving to 40.1%, supported by service revenue growth, ~EUR3m from copper sales and ongoing cost efficiencies.
Record FTTH Customer Additions and Network Rollout
FTTH net additions reached a record 62,000 in the quarter, taking the FTTH base to 687,000 (29% of the broadband base); fiber utilization increased to 42%. Homes passed reached 2.2 million with a year-end target of ~2.4 million.
Strong Fixed Wireless (5G WiFi FWA) Momentum
5G WiFi fixed wireless access net additions were 19,000 in the quarter; the advanced FWA base crossed 100,000 customers and total FWA subscribers are almost 120,000, addressing underserved areas and defending broadband base.
Mobile Segment Strength — Postpaid & Data Usage
Mobile service revenues grew 2.3% YoY. Postpaid subscribers grew 8% YoY with a record 62,000 quarterly net additions. Blended ARPU rose ~3% and average mobile data usage reached 21 GB/user/month (up 20% YoY). 5G device penetration increased 10 percentage points to 50% and 5G coverage exceeds 99% (5G+ ~84%).
ICT & System Solutions Growth and International Wins
Other revenues (excl. data comms) increased 31.2% YoY and system solutions grew 52.1% YoY. Company won a NATO fixed data center contract (EUR 45m total) and is expanding into cloud, cybersecurity and AI (GPU-as-a-Service, AI agents), building a robust pipeline for 2027.
Credit Rating Upgrade
Standard & Poor's Global Ratings upgraded OTE to A-, making OTE the only company in Greece rated in the A category, cited as recognition of resilience and long-term prospects.
CapEx Discipline and Free Cash Flow Guidance
Quarterly CapEx was ~EUR157m, down 7.7% YoY. Full-year CapEx guidance remains ~EUR600m. Free cash flow after leases was EUR150m in the quarter (EUR161m a year ago); reported FCF expected around EUR750m and adjusted FCF EUR570-580m, with guidance reiterated.
Operational Efficiency and Cost Progress
Personnel expenses declined (voluntary exit schemes), marketing down ~7% in the quarter, and indirect costs to service revenues improved to 28% from 31% a year ago. Digital channels adoption increased (e-sales 36%, digital payments 43%, top-ups 53%).
Pay TV Resilience
Pay TV delivered robust high-single-digit revenue growth and positive net additions (+1,000) in a seasonally softer quarter, helped by anti-piracy measures, removal of Pay TV tax and quality content.
DE:OTES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed