Nos Sgps SA (LTS:0J1Z)
€ 3.39 0.0125 (0.37%) Market Cap: 1.72 Bil Enterprise Value: 3.41 Bil PE Ratio: 6.88 PB Ratio: 1.80 GF Score: 75/100
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Q2 2024 NOS SGPS SA Earnings Call Transcript

Jul 19, 2024 / 11:00 AM GMT
Release Date Price: €3.58 (+1.13%)

Key Points

Positve
  • Nos Sgps SA (ZONNF) reported a 4.7% revenue growth and a 4.8% EBITDA growth for the quarter.
  • The company's underlying net income increased by 9.3%, and underlying free cash flow grew by approximately 18%.
  • Nos Sgps SA (ZONNF) achieved a 2.2-percentage-point increase in return on capital employed, reaching 12.7%.
  • The company saw a significant reduction in CapEx by 5.1%, with a notable 40% decrease in expansionary telco CapEx.
  • Nos Sgps SA (ZONNF) has a strong balance sheet with a net financial debt to EBITDA after leases ratio of 1.71, well below their strategic funding target of 2 times.
Negative
  • The audiovisuals and cinema business delivered slower-than-expected numbers, with a 35% decrease in the number of tickets sold and a 30% revenue decline.
  • Energy costs rose during the quarter due to increased unit costs and regulated tariffs, impacting operational expenses.
  • Lease costs increased by approximately 10%, driven by a higher number of units and a slight increase in unit prices.
  • The company faces inflationary pressures on CapEx, particularly in IT and network operations.
  • Nos Sgps SA (ZONNF) continues to experience challenges in the satellite business, affecting pay TV and broadband segments.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NOS.LS - NOS SGPS SA
Q2 2024 NOS SGPS SA Earnings Call
Jul 19, 2024 / 11:00AM GMT

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Conference Call Participants
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* Nuno Vaz
Bernstein Autonomous LLP - Analyst
* António Seladas
AS Independent Research - Analyst
* Jose Antonio Suarez Roig
CaixaBank - Analyst
* Ajay Soni
J.P. Morgan Securities plc - Analyst
* Mathieu Veillette
Barclays - Analyst
* Fernando Cordero Barreira
Banco Santander - Analyst

=====================
Presentation
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Unidentified Company Representative_1 [1]
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Hi, good morning, everyone. Thank you for making the time and joining the call. As (inaudible) mentioned, let's go through a couple of highlights from the quarter. And then happy to take any questions you might have.

So I mean, three fundamental
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