EQS-News: EuroTeleSites Makes a Successful Start to the Year and Meets Expectations in the First Quarter

EQS-News: EuroTeleSites Makes a Successful Start to the Year and Meets Expectations in the First Quarter

EQS-News: EuroTeleSites AG / Key word(s): Quarterly / Interim Statement
EuroTeleSites Makes a Successful Start to the Year and Meets Expectations
in the First Quarter

21.04.2026 / 18:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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• +7.1% / +4.8m revenue growth YoY resulted in 72.5 mEUR revenues
• EBITDA in Q1 at 64.3 mEUR (+4.7m vs PY) with EBITDA margin at 88.7%
• EBITDAaL in Q1 at 44.5 mEUR (+4.3m vs PY) with EBITDAaL margin at
61.4%
• Rollout of 42 new sites in Q1 leads to 13,837 total sites
• Onboarding of 40 third-party tenants on existing and new sites in Q1
• CAPEX at 8.2 mEUR, with mandatory upgrades accounting for most of the
CAPEX
• Partnership with Point One Navigation, reflecting the growing demand
for advanced, precision‑driven technologies on TowerCo infrastructure

Across EuroTeleSites six markets, the Q1 telco environment is stable.
Telecom revenues grow slightly while operators maintain high investment in
5G and fiber, supporting demand for tower infrastructure. For TowerCos,
this results in resilient cash flows and growth driven by 5G densification
and neutral-host models. Overall, TowerCos benefit from long-term
contracts and 5G demand, but face headwinds from macro pressures, leading
to stable returns rather than strong expansion.

Market Highlights

“I am proud of welcoming Point One Navigation as a non-MNO tenant which
reflects the growing demand for advanced, precision‑driven technologies on
our infrastructure. Their team brings deep expertise from leading research
institutions and global technology companies, and their background in
precision navigation and advanced algorithms aligns well with our strategy
to support next‑generation solutions that require robust, resilient
infrastructure”, Ivo Ivanovski, CEO EuroTeleSites, comments on this
important gain. “This new customer is further evidence of our strong
market position and a key contributor to our revenue growth of +7.1%,
resulting in 72.5 mEUR.

In Q1, EuroTeleSites delivered a strong market momentum, rolling out 42
new sites to bring the total portfolio to 13,837 sites, reflecting
continued network expansion and disciplined execution. This growth was
complemented by the onboarding of 40 third‑party tenants across existing
and newly built infrastructure, increasing the total number of third‑party
tenants to 3,475.

Financials

Revenues were at 72.5 mEUR, growth is primarily driven by indexation
effects and the addition of new sites with new tenants.

A very suiting indication for the core business strength is the EBITDAaL
margin. It reached a level of 61.4% at the end of Q1, that is an EBITDAaL
of 44.5 mEUR. This reflects the true, recurring operating performance of
the business, as it accounts for lease-related costs and provides a
clearer picture of the underlying profitability and sustainability of the
operations.

CAPEX amounted to 8.2 mEUR, primarily driven by mandatory upgrades,
network rollouts and ongoing maintenance. In addition to the contractually
agreed upgrades, further modifications were carried out at the anchor
tenant’s request.

EuroTeleSites Outlook
In 2026, EuroTeleSites will remain focused on the core activities: leasing
passive infrastructure, executing mandatory upgrades, expanding its tower
portfolio, and integrating additional third-party tenants to further
strengthen the tenancy ratio. Growth will continue to be supported by the
ongoing rollout of 5G across all markets and rising data consumption, with
lease contracts adjusted annually for inflation.

Management expects revenue growth of approx. 4-5% for the financial year
2026. Positive cash flow will continue to be directed toward deleveraging,
EuroTeleSites continues to expand its infrastructure to further increase
5G coverage, particularly in Austria. The initiative includes a larger
than usual construction program for the following years, providing
additional towers for the anchor tenant and improving connectivity for end
customers. As a result, the CAPEX-to-revenue ratio is expected to be
around 25%. In total, the construction of more than 400 new sites is
planned.

The conference call, during which CEO Ivo Ivanovski and CFO Lars Mosdorf
will explain the results and be available to answer questions, will take
place on April 22, 2026, at 10:00 a.m. Vienna time. [1]You can register
here.

Please find detailed information on the key data and segments at
[2] https://eurotelesites.com/investor-relations/ .

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21.04.2026 CET/CEST This Corporate News was distributed by [3]EQS Group

View original content: [4]EQS News

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Language: English
Company: EuroTeleSites AG
Lassallestraße 9
1020 Wien
Austria
E-mail: info@eurotelesites.com
Internet: eurotelesites.com
ISIN: AT000000ETS9
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2312396

 
End of News EQS News Service

2312396  21.04.2026 CET/CEST

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References

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