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Last $9.10 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:30 PM 05/7/15 All times are local (Market data is delayed by at least 15 minutes).

hellenic telecommun organiza (HLTOF) Key Developments

Hellenic Telecommunications Organization SA Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for Third Quarter and Full Year of 2015

Hellenic Telecommunications Organization SA announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of EUR 953.5 million against EUR 950.6 million a year ago. EBITDA was EUR 235.2 million against EUR 342.5 million a year ago. Pro forma EBITDA was EUR 318.4 million against EUR 346.2 million a year ago. Operating profit before financial activities (EBIT) was EUR 35.4 million against EUR 142.0 million a year ago. Profit before income taxes (EBT) was EUR 17.8 million against EUR 99.0 million a year ago. Loss for the period from continuing operations was EUR 8.0 million against profit for the period from continuing operations of EUR 71.7 million a year ago. Loss from continuing operations attributed to the owners of the parent was EUR 3.6 million against profit from continuing operations attributed to the owners of the parent of EUR 69.3 million a year ago. Net cash flows from operating activities were EUR 221.8 million against EUR 169.2 million a year ago. Purchase of property, plant and equipment and intangible assets was EUR 139.6 million against EUR 157.5 million a year ago. Adjusted net operating cash flow was EUR 237.3 million against EUR 252.9 million a year ago. Adjusted CapEx was EUR 131.1 million against EUR 153.3 million a year ago. Adjusted free cash flow was EUR 106.1 million against EUR 99.6 million a year ago. Basic LPS was EUR 0.0074 against basic EPS of EUR 0.1422 a year ago. Adjusted net income was EUR 47.2 million against EUR 72.1 million a year ago. Net debt (underlying) was EUR 1,055.8 million as on June 30, 2015 against EUR 1,547.6 as on June 30, 2014. Group Pro Forma EBITDA declined 8.0% in the second quarter, this was partly due to the basis effect in the Romanian fixed business, where second quarter of 2014 EBITDA had benefited from more than EUR 9 million in disposal of real estate assets and scrap copper.  For the six months, the company reported total revenues of EUR 1,894.3 million against EUR 1,914.3 million a year ago. EBITDA was EUR 555.2 million against EUR 673.7 million a year ago. Pro forma EBITDA was EUR 644.4 million against EUR 679.6 million a year ago. Operating profit before financial activities (EBIT) was EUR 154.6 million against EUR 278.2 million a year ago. Profit before income taxes (EBT) was EUR 97.8 million against EUR 187.5 million a year ago. Profit for the period from continuing operations was EUR 31.0 million against EUR 126.6 million a year ago. Profit from continuing operations attributed to the owners of the parent was EUR 36.8 million against EUR 125.1 million a year ago. Adjusted net operating cash flow was EUR 450.1 million against EUR 361.3 million a year ago. Adjusted CapEx was EUR 291.0 million against EUR 274.2 million a year ago. Adjusted free cash flow was EUR 159.1 million against EUR 87.1 million a year ago. Basic EPS was EUR 0.0753 against EUR 0.2571 a year ago. Adjusted net income was EUR 100.9 million against EUR 129.6 million a year ago. For the third quarter of 2015, the company expects tax rate of 20%. For full year 2015 assuming positive macroeconomic developments, OTE expects the stabilization of its Greek fixed and mobile operations to continue, while international operations will remain under intense competitive pressure. OTE will continue to benefit from cost-containment efforts, notably the recently completed voluntary retirement plans, defending its profitability throughout its operations. OTE's CapEx should total approximately EUR 0.5 billion, excluding spectrum. Assuming a return to normal liquidity conditions in the Greek economy, OTE expects to end the year close to its previously stated free cash flow target of EUR 0.5 billion.

Hellenic Telecommunications Organization SA to Report Q2, 2015 Results on Aug 06, 2015

Hellenic Telecommunications Organization SA announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Aug 06, 2015

Hellenic Telecommunications Organization SA, Q2 2015 Earnings Call, Aug 06, 2015

Hellenic Telecommunications Organization SA, Q2 2015 Earnings Call, Aug 06, 2015

Deutsche Telekom May Buy More Stake In HTO

Deutsche Telekom AG (DB:DTE) is looking to buy more stake in Hellenic Telecommunications Organization SA (ATSE:HTO). A spokesperson told Reuters that if the government decides to sell its stake than they may buy more shares of HTO.

Greek Government To Sell Shares In OTE

The Greek government plans to sell remaining shares in Hellenic Telecommunications Organization SA (ATSE:HTO) and commit to privatising the ports of Piraeus and Thessaloniki no later than October.

 

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HLTOF Competitors

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Industry Analysis

HLTOF

Industry Average

Valuation HLTOF Industry Range
Price/Earnings 23.0x
Price/Sales 1.1x
Price/Book 1.9x
Price/Cash Flow 4.2x
TEV/Sales 0.1x
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