MANOS CHATZIDAKIS – BETA SEC.
OTE (Results Q4/2014): OTE will release its Q4’14 results on February 26th (pre market open). We expect resilient performance in turnover and EBITDA margins in Greece as OTEtv and VDSL offset fixed line disconnections. Mobile segment is expected to stabilize as competition eased and price war in domestic market seems to come to some sort of truce. However Romania is expected to post a weak quarter on lower ICT growth increasing competition and MTR-driven pressures.
Revenues are expected to retreat by 3.8% in Q4 easing a slowdown g during previous quarters (Q2 -5,4% Q3 -5,0%). EBITDA margins are expected to remain above the 35% mark however weak Romania will trim group margins (-671 bps). Overall a promising quarter as Greek business is picking up to cover Romania’s market lost ground. We also expect HTO to announce a dividend between 0.09 and 0.13 cents/share first time since 2010.
Conference call details (Tomorrow, 17:00 GR Time). Participants to the conference call should dial one of the following numbers and quote OTE
¡ Greece Free Call Dial In 00800 4413 1378
¡ UK Free Call Dial In 0800 953 0329
¡ US callers please dial 1 866 819 7111
¡ International Dial In +44 (0) 1452 542 301