Nos Sgps SA (OTCPK:ZONNF)

$ 3.6157 0 (0%) Market Cap: 2.06 Bil Enterprise Value: 3.92 Bil PE Ratio: 7.30 PB Ratio: 1.91 GF Score: 78/100

Q2 2024 NOS SGPS SA Earnings Call Transcript

Jul 19, 2024 / 11:00 AM GMT

Release Date Price: $3.85

Transcript

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

=====================
Conference Call Participants
=====================
* Nuno Vaz
Bernstein Autonomous LLP - Analyst
* AntÃ³nio 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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