NOS, S.G.P.S., S.A (ZONNF) Full Year 2024 Results Earnings Call Transcript

2025-02-28 13:49:24 ET

NOS, S.G.P.S., S.A (ZONNF)

Full Year 2024 Results Earnings Conference Call

February 28, 2025 7:00 AM ET

Company Participants

Maria João – Head-Investor Relations

José Ferreira – Chief Financial Officer

Miguel Almeida – Chief Executive Officer

Conference Call Participants

Fernando Cordero – Banco Santander

João Pinto – JB Capital

Luigi Minerva – HSBC

António Seladas – AS Independent Research

José Antonio Suarez Roig – CaixaBank

Ajay Soni – JPMorgan

Presentation

Maria João

Good afternoon, everyone. Welcome to our Full Year 2024 Results Conference Call. We have the executive team in the room to answer your questions after our CFO, José Ferreira, we’ll go through a brief presentation, which is on our website, highlighting the main topics of the results. Over to you, sir.

José Ferreira

Thank you, Maria Joao. Hi, everyone. Welcome to the call, and thank you for making the time. Today, we’ll focus – we’ll do a brief presentation focusing on three key dimensions: our strategic execution, obviously, our performance throughout the year and the quarter, and also some highlights in terms of our cash flow generation and the way we view long-term value creation for our shareholders.

So going into the results of the quarter and the year, firstly, I’d like to highlight our very strong market position and sustainable growth, as you’ve seen throughout our results, not only from the quarter, but the overall result of 2-24, also in that sense, an important aspect, which has been our continued increase in revenue market share in the market, which reached 31.5%. And when looking at the results, just highlighting a couple of data points, growth in revenues for the quarter of 8.1%, and the year 6.2%, EBITDA growth in the quarter 11.6%, and full year 7.1%. And then also very importantly, in terms of operational cash flow, I would highlight a growth in the quarter of roughly 43%, and the year 26% to €272 million. We’ll go into a bit more in these details in the next couple of pages....

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