Other Europe & Türkiye ⫶ Consistent performance
+2.1% FY25 Service revenue +0.0% FY25 Adj. EBITDAaL
+83.4% FY25 Service revenue +110.5% FY25 Adj. EBITDAaL
Other Europe 14% of Group Adj. EBITDAaL 1
Türkiye 8% of Group Adj. EBITDAaL 1
• Good commercial momentum & price actions supporting growth • Q4 impacted by strong prior year comparative • Business +4.4% in FY25, supported by digital services & public sector growth
• EBITDAaL impacted by margin re-phasing of certain Business contracts in Greece and a one-off provision • +462k mobile contract & 14k broadband net additions in FY25 • Competing effectively in Portugal despite new entrant launch
• Very strong service revenue growth in euro terms driven by repricing actions & effective customer base management • Business growth supported by strong demand for digital services • Growth in Euro terms - EBITDAaL +c.€400m & Operating FCF +c.€300m year-on-year, well ahead of pre- devaluation levels
Service revenue growth (%)
Net additions (‘000)
Service revenue growth (%) Reported growth in Euros 2
Fixed
Mobile contract
5.5%
53.1%
52.3%
49.5%
153
121
110
2.6%
2.6%
25.2%
24.0%
2.3%
78
0.8%
4
12
4
3
(5) Q4 FY25
0
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY24
Q1 F25
Q2 FY25
Q3 FY25
Q4 FY25
FY25 results ⫶ May 2025
1. Based on FY25 Adjusted EBITDAaL contribution. 2. Growth in euro terms excluding the impact of hyperinflationary adjustments.
11
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