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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Euskaltel, S.A.    EKT   ES0105075008

EUSKALTEL, S.A.

(EKT)
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Euskaltel S A : OTHER RELEVANT INFORMATION Euskaltel publishes third quarter 2020 results presentation.

10/27/2020 | 12:15pm EST

Euskaltel

Group

Q3

2020

results

October 27th, 2020

| Disclaimer

This presentation (the "Presentation") has been prepared and is issued by, and is the sole responsibility of Euskaltel, S.A. ("Euskaltel" or "the Company"). For the purposes hereof, the Presentation shall mean and include the slides that follow, any prospective oral presentations of such slides by the Company, as well as any question-and-answer session that may follow that oral presentation and any materials distributed at, or in connection with, any of the above.

The information contained in the Presentation has not been independently verified and some of the information is in summary form. No representation or warranty, express or implied, is made by the Euskaltel Group (including Euskaltel, S.A. and R Cable y Telecable Telecomunicaciones, S.A.U., nor by their directors, officers, employees, representatives or agents as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions expressed herein. None of Euskaltel Group, nor their respective directors, officers, employees, representatives or agents shall have any liability whatsoever (in negligence or otherwise) for any direct or consequential loss, damages, costs or prejudices whatsoever arising from the use of the Presentation or its contents or otherwise arising in connection with the Presentation, save with respect to any liability for fraud, and expressly disclaim any and all liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in connection with the accuracy or completeness of the information or for any of the opinions contained herein or for any errors, omissions or misstatements contained in the Presentation.

Euskaltel cautions that this Presentation contains forward looking statements with respect to the business, financial condition, results of operations, strategy, plans and objectives of the Euskaltel Group. The words "believe", " expect", " anticipate", "intends", " estimate", "forecast", "project", "will", "may", "should" and similar expressions identify forward-looking statements. Other forward-looking statements can be identified from the context in which they are made. While these forward-looking statements represent our judgment and future expectations concerning the development of our business, a certain number of risks, uncertainties and other important factors, including those published in our past and future filings and reports, including those with the Spanish Securities and Exchange Commission ("CNMV") and available to the public both in Euskaltel's website (www.euskaltel.com) and in the CNMV's website (www.cnmv.es), as well as other risk factors currently unknown or not foreseeable, which may be beyond Euskaltel's control, could adversely affect our business and financial performance and cause actual developments and results to differ materially from those implied in the forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements due to the inherent uncertainty therein.

The information contained in the Presentation, including but not limited to forward-looking statements, is provided as of the date hereof and is not intended to give any assurances as to future results. No person is under any obligation to update, complete, revise or keep current the information contained in the Presentation, whether as a result of new information, future events or results or otherwise. The information contained in the Presentation may be subject to change without notice and must not be relied upon for any purpose.

Market and competitive position data in the Presentation have generally been obtained from industry publications and surveys or studies conducted by third-party sources. There are limitations with respect to the availability, accuracy, completeness and comparability of such data. Euskaltel has not independently verified such data and can provide no assurance of its accuracy or completeness. Certain statements in the Presentation regarding the market and competitive position data are based on the internal analyses of Euskaltel, which involve certain assumptions and estimates. These internal analyses have not been verified by any independent source and there can be no assurance that the assumptions or estimates are accurate. Accordingly, no undue reliance should be placed on any of the industry, market or Euskaltel's competitive position data contained in the Presentation.

You may wish to seek independent and professional advice and conduct your own independent investigation and analysis of the information contained in this Presentation and of the business, operations, financial condition, prospects, status and affairs of the Euskaltel Group. Euskaltel is not nor can it be held responsible for the use, valuations, opinions, expectations or decisions which might be adopted by third parties following the publication of this Presentation.

No one should purchase or subscribe for any securities in the Company on the basis of this Presentation. This Presentation does not constitute or form part of, and should not be construed as, (i) an offer, solicitation or invitation to subscribe for, sell or issue, underwrite or otherwise acquire any securities, nor shall it, or the fact of its communication, form the basis of, or be relied upon in connection with, or act as any inducement to enter into any contract or commitment whatsoever with respect to any securities; or (ii) any form of financial opinion, recommendation or investment advice with respect to any securities.

The distribution of this Presentation in certain jurisdictions may be restricted by law. Recipients of this Presentation should inform themselves about and observe such restrictions. Euskaltel disclaims any liability for the distribution of this Presentation by any of its recipients.

By receiving or accessing to this Presentation you accept and agree to be bound by the foregoing terms, conditions and restrictions.

2

Q3 2020 results

| Euskaltel delivers another quarter of record customer growth

Operating

KPIs

(Q3 20

vs

Q2 20)

Financials

+29.4k

+20.9k

+1.5m

+1.8%

-2.0%

+1.1%

-3.6%

Virgin telco customers net adds

Virgin telco fixed customers net adds

Addressable households

Revenue

(YoY growth)

EBITDA

(YoY growth)

EBITDA ex Virgin

(YoY growth)

Net debt

(YoY growth)

Strong Virgin telco growth ahead of expectations in Q3

National coverage increase supports Virgin telco's commercial success

Virgin telco success drives strong revenue growth in the quarter

Traditional business EBITDA maintains growth in the quarter

The company continues on a clear deleveraging path

3

Q3 2020 results

| Strong Virgin telco growth nearly reaches full-year customer base target

2020e Business

Virgin telco - customers EOP (000s)

39

Plan target

~35k

27

11

19

8

6

27

9

19

0,8

3

14

0,3

7

0,5

May1

June

July

August

September

Fixed services subs

Mobile only subs

1. Virgin telco launched on 20th May 2020

4

Q3 2020 results

| Euskaltel has signed a go-to-marketagreement with Netflix

Netflix Fan combines top- quality content with extra mobile data

Euskaltel's high-quality TV combines with top content providers to create Virgin telco's leading TV proposition

Innovative go-to-market agreements will further drive Virgin telco's growth

5

Q3 2020 results

| Recent network agreements provide significant upsides to the business plan

Business plan upsides

  • Access to 5G technology as an MVNO
  • From January 2022 or earlier in the case of an Orange massive launch
  • Access to 1.8m homes of the additional fiber deployment of Orange Spain
  • Deployment to be completed before the end of 2023

5G

access

1.8m

FTTH homes

5G access

Improved economics

Access to Adamo's 1m homes national FTTH footprint

1.5m

Extendible to 500k additional homes by year end

FTTH homes

Access to NEBA FTTH in areas exempt from regulation

Recently signed agreements result in

increased Virgin telco's growth and profitability potential

Improved economics

Increased footprint

Increased footprint

6

Q3 2020 results

Operating review

7

Q3 2020 results

| Continued coverage increase drive further growth opportunities

Current footprint (000s households)

Accessible homes_wholesale 2

+1.5m

Homes passed_owned (HFC & FTTH) 1

18,709

20,258

13,533

16,217

17,756

5,360

5,780

11,050

2,999

3,311

2,361

2,469

2,483

2,492

2,502

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

  1. HFC, infill FTTH plus FTTH co-investment household coverage
  2. Orange bitstream wholesale plus Telefónica's VULA & NEBA coverage

Increased coverage drives Virgin telco's additional growth potential

New wholesale agreements signed allow for faster growth and increased profitability

8

Q3 2020 results

| Virgin telco drives another customer growth record in the quarter

Mass market subscribers (000s)

Mass market fixed subscribers (000s)

mass market fixed services subs

mass market mobile only subs

+13k

+20k

+14k

695

802

782

681

771

771

769

104

102

99

101

106

667

669

670

681

695

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

Q2 20

Q3 20

Strong Virgin telco sales ramp-up is

transforming the company's growth profile

9

Q3 2020 results

| Record customer growth drives strong service take-up

Mass market services (RGUs) per type (000s)

Services /sub

Fixed Voice

Broadband

TV1

Post-paid mobile

+26k

2,834

2,848

2,849

2,889

2,916

1,155

1,163

1,164

1,184

1,205

+21k QoQ

480

485

489

497 1

497

0k QoQ

589

593

596

607

626

+19k QoQ

610

607

600

601

588

-13k QoQ

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

3.67

3.69

3.71

3.69

3.64

1. TV services figures increase by the not previously accounted second TV services

10

Q3 2020 results

| SME and large accounts continue its strong performance in the quarter

SME and large account subscribers

15,904 15,993 16,044

15,708 15,763

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

Increased service demand drives a strong B2B quarter

Customer base grows in the quarter despite COVID and seasonality

+3% yoy B2B revenue growth result in highest ever third quarter B2B revenue

11

Q3 2020 results

Financial review

12

Q3 2020 results

| Virgin telco drives the quarter's revenue growth take-off

Total revenue breakdown by segment(EURm)Total revenue evolution YoY (%)

Mass market

B2B

Wholesale and Other

+1.8%

171.1

171.6

171.8

171.6

174.2

2.9

8.3

8.8

8.5

0.2

8.1

8.0

26.5

27.1

29.7

28.2

27.3

+0.7%

+0.3%

+0.1%

136.4

135.7

133.6

135.2

135.9

(0.4%)

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

13

Q3 2020 results

| Strong cost control offsets Virgin telco's growth costs

Gross margin (% over revenue)

Selling, general and administrative expenses (EURm)

74.0%

77.1%1

74.2%

72.7%

71.6%

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

-0.4%(-10.4% ex Virgin)

39.9

40.1

37.2

39.8

39.7

3.6

3.2

2.2

0.2

3.4

9.4

9.6

10.1

9.0

9.7

10.7

10.8

10.2

9.9

10.0

13.0

12.2

10.9

12.6 3

11.2

3.6

4.4

3.0

6.9

7.0 2

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

Other indirect costs

Network and IT systems

Personnel

Customer care and sales

Marketing and SAC

  1. Gross margin includes €6.9 million of positive impacts mainly from the renewal of the Orange wholesale agreement
  2. Includes €2.8m of the Virgin telco marketing

3. Includes €0.6m of the Virgin telco customer care costs

14

Q3 2020 results

| Traditional business EBITDA continues to grow in the quarter

EBITDA1 (EURm)

Total EBITDA evolution3 YoY (%)

% over revenue

53.8%

51.0%

48.8%

91.8

50.7%

51.1%

87.7

-4.3

-2.6

+7.7% +8.1%

+3.7%

92.2

2

+1,1% ex Virgin

86.8

87.7

87.5

85.0

+0.1%

(2.0%)

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

  1. EBITDA definition as per 'alternative performance measures': EBIT + depreciation and amortization +/- impairment + other non recurrent results
  2. Q4 19 EBITDA includes €6.9 million of positive impacts mainly from the renewal of the Orange wholesale agreement

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

3. EBITDA evolution excluding the impact of IFRS 16 (€10.1m in the year) in 2019 from reported EBITDA

15

Q3 2020 results

|Virgin telco's faster than expected growth drives Capex in the quarter

Capex (EURm and as % of revenue)

OpCF (EBITDA - capex) (EURm)

SAC1

% over revenue

Capex ex - SAC

29.6%

44.4

47.7

36.9

38.6

36.6

9.62

13%

3.1

11%

11%

9%

13%

29.1%

58.3

21.5%

27.9%

28.6%

-7.4

49.7

-12.3

49.8 47.8 49.1 50.9

37.4

10% 13% 12% 10% 10%

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

  1. SAC capex includes commercial costs, customer installation and customer equipment
  2. Out of which €7.9m SAC and €2.0m non-SAC Capex

16

Q3 2020 results

| The company continues on a clear deleverage path despite strong growth

9M 20 cash allocation (EURm)

9M 20 net debt (EURm)

% over revenue

50.3%

260.3

(122.9)

26.5%

137.3

(33.3)

(10.3)

(12.9)

(7.4)

14.2%

(55.3)

1

73.5

18.2

1. 9M 20 dividend represents 100% of dividend payout for the year

Net debt/

Cost of debt: 2.62%

2

Average maturity: 3.9 years3

EBITDA

4.21x

-€18m

1,486

4.16x

1,468

Net debt as of Dec 31, 2019 Net debt as of September 30, 2020

  1. EBITDA adjusted by identified potential synergies
  2. €215m amortising TLA replaced in July 2020 with bullet loan due in December 2023

17

Q3 2020 results

| Q3 2020 results in-line to reach full-year guidance

Fixed customers (000s)

700 - 730

5

Minimum

required in Q4

20 to reach full-

695

year guidance

695

681

670

3M 20 6M 20 9M 20 Q4 20 FY2020e

EBITDA (EURm)

340 - 350

80

Minimum

required in

Q4

260

20 to reach

full-

175

260

88

year guidance

3M 20

6M 20

9M 20

Q4 20

FY2020e

Revenue (EURm)

700 - 710

182

Minimum

required in Q4

518

20 to reach full-

518

172

343

year guidance

3M 20

6M 20

9M 20

Q4 20

FY2020e

OpCF (EURm)

170 - 180

33

Minimum

required in Q4

137

20 to reach full-

137

100

year guidance

49

3M 20

6M 20

9M 20

Q4 20

FY2020e

18

Q3 2020 results

| Strong Q3 2020 results driven by the initial success of Virgin telco

Continued Virgin telco success delivers another customer growth record

Sales and network initiatives assure improved future growth and proftability

Virgin telco's success drives revenue growth take-off in the quarter

Traditional business drives sustained EBITDA performance in the quarter

Clear deleverage path continues despite strong growth

Strong quarter results in-line to deliver full-yeartargets

19

Q2 2020 results

EUSKALTEL, S.A.

Investor Relations Office Tel: +34 94 401 15 56 investor@euskaltel.com www.euskaltel.com

Q&A

Appendix

Euskaltel Group Q3 2020 consolidated results and KPIs

21

Q3 2020 results

| Euskaltel Group consolidated - KPIs (i/iii)

Mass market

Annual

Quarterly

KPIs

Unit

2019

Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

Homes passed_owned (HFC & FTTH)

#

2,468,822

2,341,655

2,355,173

2,360,891

2,468,822

2,482,870

2,492,121

2,502,348

Accessible homes_wholesale

#

3,310,812

569,092

598,061

2,999,183

3,310,812

11,050,114

16,216,808

17,756,150

Mass market subs 1

#

770,865

767,616

771,646

771,167

770,865

768,891

782,171

801,677

o/w fixed services subs

#

669,317

661,558

666,138

667,022

669,317

669,678

681,002

695,402

o/w mobile only subs

#

101,548

106,058

105,508

104,145

101,548

99,213

101,169

106,275

Total services (RGUs) 2

#

2,848,267

2,773,355

2,831,942

2,833,547

2,848,267

2,849,455

2,889,293

2,915,675

Fixed Voice

#

606,809

610,105

612,549

609,981

606,809

599,972

600,982

588,139

Broadband

#

593,338

579,523

586,080

589,090

593,338

596,292

607,483

626,290

TV

#

484,957

456,119

481,896

479,639

484,957

489,090

496,740

496,572

Post-paid mobile

#

1,163,163

1,127,608

1,151,417

1,154,837

1,163,163

1,164,101

1,184,088

1,204,674

Services (RGUs) per subscriber

#

3.69

3.61

3.67

3.67

3.69

3.71

3.69

3.64

Global ARPU fixed customers (quarterly standalone)

€/month

60.07

59.98

60.00

60.37

60.07

60.04

59.99

59.51

SMEs and Large Accounts

Annual

Quarterly

KPIs

Unit

2019

Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

Customers

#

15,763

15,460

15,633

15,708

15,763

15,904

15,993

16,044

  1. Mass market subs = residential subs + SOHO subs + RACC only mobile subs
  2. Mass market services = residential services + SOHO services + RACC only mobile services

Note: The change in 2019 subs and ARPU figures is due to a reclassification of 0.2k subs from mass market to SMEs and a recognizition of not previously reported 0.3k SME subs.

22

Q3 2020 results

| Euskaltel Group consolidated - Consolidated financials (ii/iii)

Profit and Loss Statement

Annual

Quarterly

Unit

2019

Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

Total revenue

€m

685.5

171.7

171.1

171.1

171.6

171.8

171.6

174.2

Y-o-y change

%

-0.9%

-2.8%

-0.9%

-0.4%

0.7%

0.1%

0.3%

1.8%

o/w Mass market revenue 1

€m

542.1

134.0

136.0

136.4

135.7

133.6

135.4

138.8

o/w B2B revenue

€m

110.9

30.3

27.0

26.5

27.1

29.7

28.2

27.3

o/w Wholesale and Other revenue

€m

32.5

7.4

8.0

8.3

8.8

8.5

8.0

8.1

Gross margin

€m

510.0

123.6

127.4

126.6

132.3

124.9

127.3

124.7

% of total revenue

%

74.4%

72.0%

74.5%

74.0%

77.1%

72.7%

74.2%

71.6%

Selling, General & Admin. Expenses (SG&A)

€m

(165.4)

(42.5)

(43.0)

(39.9)

(40.1)

(37.2)

(39.8)

(39.7)

o/w marketing and SAC

€m

(18.7)

(5.2)

(5.5)

(3.6)

(4.4)

(3.0)

(6.9)

(7.0)

o/w customer care and sales

€m

(52.5)

(14.2)

(13.1)

(13.0)

(12.2)

(11.2)

(10.9)

(12.6)

o/w personnel

€m

(44.8)

(11.6)

(11.7)

(10.7)

(10.8)

(10.0)

(10.2)

(9.9)

o/w network and IT systems

€m

(37.7)

(9.7)

(9.5)

(9.0)

(9.4)

(9.7)

(9.6)

(10.1)

o/w other indirect costs

€m

(11.8)

(1.8)

(3.2)

(3.6)

(3.2)

(3.4)

(2.2)

(0.2)

Adjusted EBITDA

€m

344.5

81.1

84.4

86.8

92.2

87.7

87.5

85.0

% of total revenue

%

50.3%

47.3%

49.4%

50.7%

53.8%

51.1%

51.0%

48.8%

Y-o-y change

%

2.4%

-3.7%

-0.1%

2.6%

10.4%

8.1%

3.7%

-2.0%

Depreciation and Amortization

€m

(202.7)

(50.2)

(51.0)

(51.1)

(50.4)

(49.9)

(50.4)

(49.3)

Extraordinary items

€m

(21.0)

(2.9)

(7.6)

(5.2)

(5.3)

(2.2)

(2.1)

(3.1)

Net financial expenses

€m

(49.3)

(12.6)

(12.1)

(12.4)

(12.1)

(11.9)

(14.8)

(12.4)

Net profit before taxes

€m

71.5

15.4

13.7

18.0

24.4

23.7

20.2

20.2

Taxes

€m

(9.5)

(3.4)

(2.8)

1.0

(4.3)

(4.6)

(3.8)

(3.6)

NET PROFIT

€m

62.0

11.9

11.0

19.0

20.1

19.1

16.4

16.6

1. Mass market revenue = residential revenue + SOHO revenue + RACC only mobile revenue

Note: 2019 revenue figures impacted by a reclassification due to reporting changes to more accurately reflect the integration of the 3 companies. Change in 2019 gross margin and

SG&A figures is due to an expenses reclassification due to reporting changes to more accurately reflect the integration of the 3 companies.

23

Q3 2020 results

| Euskaltel Group consolidated - Consolidated financials (iii/iii)

Cash Flow Statement

Annual

Quarterly

Unit

2019

Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

EBITDA

€m

344.5

81.1

84.4

86.8

92.2

87.7

87.5

85.0

Capex

€m

(154.3)

(34.6)

(38.3)

(36.9)

(44.4)

(38.6)

(36.6)

(47.7)

% of total revenue

%

-22.5%

-20.2%

-22.4%

-21.6%

-25.9%

-22.5%

-21.3%

-27.4%

Operating Cash Flow

€m

190.3

46.5

46.1

49.8

47.8

49.1

50.9

37.4

% of total revenue

%

27.8%

27.1%

27.0%

29.1%

27.9%

28.6%

29.6%

21.5%

Interests

€m

(42.1)

(12.3)

(9.3)

(11.4)

(9.1)

(11.2)

(10.9)

(11.2)

Working Capital

€m

(7.4)

(32.0)

15.2

1.1

8.4

(7.3)

(6.2)

3.2

Taxes

€m

(16.8)

(6.8)

(2.6)

(1.0)

(6.4)

(7.0)

(2.9)

(3.0)

Others

€m

(23.0)

(5.9)

(7.7)

(5.3)

(4.2)

(2.1)

(3.2)

(2.2)

Free Cash Flow

€m

101.1

(10.5)

41.8

33.3

36.5

21.5

27.7

24.4

Dividends

€m

(55.3)

(25.0)

-

(30.3)

-

(23.1)

(1.9)

(30.3)

Net debt variation

€m

45.8

(35.5)

41.8

3.0

36.5

(1.6)

25.8

(6.0)

NET DEBT

€m

1,486.3

Balance Sheet

Annual

Unit

2019

Non-current Assets

€m

2,749.0

1,567.5

1,525.8

1,522.8

1,486.3

1,487.8

1,462.0

1,468.0

Quarterly

Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

2,779.1

2,765.1

2,754.5

2,749.0

2,738.0

2,725.3

2,726.4

Intangible assets

€m

1,324.2

1,332.7

1,329.5

1,324.9

1,324.2

1,322.4

1,318.4

1,319.5

Tangible assets

€m

1,288.8

1,312.2

1,302.7

1,292.9

1,288.8

1,280.5

1,272.9

1,273.0

Financial assets

€m

8.9

9.1

9.0

8.4

8.9

8.0

6.9

6.0

Deferred tax assets

€m

127.1

125.1

123.8

128.3

127.1

127.1

127.1

127.9

Current Assets

€m

168.2

144.1

149.5

158.8

168.2

174.4

206.0

208.0

Inventories

€m

4.2

5.7

6.4

6.1

4.2

5.7

4.8

6.6

Trade and other receivables

€m

65.8

66.6

62.5

71.4

65.8

70.9

78.7

83.9

Cash and cash equivalents

€m

98.2

71.8

80.6

81.3

98.2

97.9

122.5

117.5

TOTAL ASSETS

€m

2,917.3

2,923.3

2,914.6

2,913.4

2,917.3

2,912.4

2,931.3

2,934.4

Total Shareholders' Equity

€m

982.0

987.3

967.9

986.8

982.0

1,001.1

987.6

1,005.9

Non-current Liabilities

€m

1,533.9

1,619.7

1,554.7

1,558.6

1,533.9

1,532.8

1,577.6

1,575.4

Long term debt

€m

1,369.0

1,444.9

1,388.5

1,390.1

1,369.0

1,370.3

1,416.3

1,416.8

Provisions

€m

-

-

-

-

-

-

-

-

Other non-current liabilities

€m

164.9

174.8

166.2

168.5

164.9

162.5

161.3

158.6

Current Liabilities

€m

401.4

316.3

392.0

367.9

401.4

378.5

366.1

353.1

Short term debt

€m

195.3

154.4

185.5

192.1

195.3

194.7

149.4

150.1

Trade and other payables

€m

206.1

161.9

206.5

175.8

206.1

183.8

216.8

203.0

Total Liabilities

€m

1,935.3

1,936.0

1,946.7

1,926.5

1,935.3

1,911.3

1,943.7

1,928.4

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

€m

2,917.3

2,923.3

2,914.6

2,913.4

2,917.3

2,912.4

2,931.3

2,934.4

24

Q3 2020 results

Disclaimer

Euskaltel SA published this content on 27 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2020 17:14:06 UTC


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Financials
Sales 2020 694 M 838 M 838 M
Net income 2020 72,0 M 86,9 M 86,9 M
Net Debt 2020 1 460 M 1 763 M 1 763 M
P/E ratio 2020 23,7x
Yield 2020 3,45%
Capitalization 1 669 M 2 018 M 2 015 M
EV / Sales 2020 4,51x
EV / Sales 2021 4,21x
Nbr of Employees 588
Free-Float 38,2%
Chart EUSKALTEL, S.A.
Duration : Period :
Euskaltel, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EUSKALTEL, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 9,41 €
Last Close Price 9,35 €
Spread / Highest target 23,0%
Spread / Average Target 0,64%
Spread / Lowest Target -46,5%
EPS Revisions
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NameTitle
José Miguel García Fernández Chief Executive Officer & Director
Xabier Gotzon Iturbe Otaegi Non-Executive Chairman
Angel Olabuenaga Chief Financial Officer
Norberto Ojinaga Chief Technology Officer & Network Datacentre
Jesús Pérez Iglesias Chief Information Officer & Head-Systems
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