Hellenic Telecommunications Organization S.A. (HLTOY) Q2 2026 Earnings Call July 29, 2026 6:00 AM EDT
Company Participants
Kostas Nebis – CEO, MD & Executive Chairman
Charalampos Mazarakis – Executive Director & CFO of OTE Group
Conference Call Participants
Stamatios Draziotis – Eurobank Equities Investment Firm S.A., Research Division
Ajay Soni – JPMorgan Chase & Co, Research Division
Sofija Rakicevic – Goldman Sachs Group, Inc., Research Division
Ioannis Noikokyrakis
Presentation
Operator
Ladies and gentlemen, thank you for standing by. I’m Gaily, your Chorus Call operator.
Welcome, and thank you for joining the OTE Conference Call and Live Webcast to present and discuss the second quarter and 6 months 2026 financial results. [Operator Instructions] The conference is being recorded.
At this time, I would like to turn the conference over to Mr. Kostas Nebis, CEO of OTE Group; Mr. Babis Mazarakis, Chief Financial Officer; Mr. Panayiotis Gabrielides, Chief Marketing Officer, Consumer Segment of OTE Group; and Mr. Evrikos Sarsentis, Head of IR and M&A.
Mr. Nebis, you may proceed.
Kostas Nebis
CEO, MD & Executive Chairman
Thank you, operator, and welcome, everyone. Thank you for joining us today for our quarter 2 results review of this financial year.
Our first half performance demonstrates continued progress towards our strategic priorities and bring us closer to our 2026 growth ambition. Adjusting for the 0 margin impact of the gradual wind down of the international wholesale business, our revenues continue to grow strongly. Our EBITDA increased once again and accelerated slightly, supported by solid execution across core business and the ongoing transformation of our business model. This positive momentum is underpinned by the strength of our financial profile and market position. OTE’s recent upgrade to A- by Standard & Poor’s Global Ratings, making us the only company in Greece rated in the A category. It is a clear recognition of our resilience and further strength, confidence in our long-term
