HLTOF - Hellenic Telecommunications Organization S.A. (HLTOY) Q4 2023 Earnings Call Transcript
2024-02-22 19:47:10 ET
Hellenic Telecommunications Organization S.A. (HLTOY)
Q4 2023 Results Conference Call
February 22, 2024 10:00 AM ET
Company Participants
Michael Tsamaz - Chairman and CEO
Babis Mazarakis - Chief Financial Officer
Evrikos Sarsentis - Head of Investor Relations
Conference Call Participants
Stamatios Draziotis - Eurobank Equities
Maurice Patrick - Barclays
Osman Memisoglu - Ambrosia Capital
Ankur Baheti - JPMorgan
Georgios Ierodiaconou - Citigroup
Presentation
Operator
Ladies and gentlemen, thank you for standing by. I am Gaily, your Chorus Call operator. Welcome, and thank you for joining the OTE conference call and live webcast to present and discuss the fourth quarter 2023 financial results. All participants will be in a listen-only mode and conference is being recorded. [Operator Instructions] And the conference is being recorded. [Operator Instructions]
At this time, I would like to turn the conference over to Mr. Michael Tsamaz, Chairman and CEO; Mr. Babis Mazarakis, Chief Financial Officer; and Mr. Evrikos Sarsentis, Head of IR and M&A. Mr. Tsamaz, you may now proceed.
Michael Tsamaz
Good morning or good afternoon. I'm pleased to be here with all of you again, and to welcome you to OTE's fourth quarter and full year 2023 results call.
2023 has been an interesting and somewhat surprising year for many, but not for us. When it started, we were prepared for the impact of the reshuffling of our competitive environment, and our readiness paid off quarter after quarter. We remain convinced that our most powerful competitive advantage is the quality of the infrastructure we have built over the past decade and more together with the passion for customer service that runs through our organization. We did not deviate from these principles last year as competition became more intense. We have good ground, and I believe that the whole market benefited from our discipline and determination.
Quarter-after-quarter revenues from our Greek Retail Fixed Services improved, ending on a positive fourth quarter with solid performances in broadband and TV. Mobile service revenues delivered strong performances over the year. And even more so, if you strip our visitor revenues, which were impacted by tariff negotiations. In the meantime, ICT revenues, which have been an important driver of growth in the first half, bounced back in the fourth quarter, as we had expected, after a temporary slowdown caused by the change in public administration following the country's elections....
Hellenic Telecommunications Organization S.A. (HLTOY) Q4 2023 Earnings Call Transcript