Despite the economic ups and downs, NOS reported strong financial performance in 2023, demonstrating the resilience and strategic agility of its operations. The company’s consolidated revenue increased by a significant 5% for the year, with post-lease EBITDA increasing by an impressive 10.1%, and ultimately achieving a strong operating cash flow of €216 million.
Strategic investment results
Key to NOS’s success in 2023 will be strategic investments in 5G and FTTH technologies, which not only strengthen operational resilience but also position the company as a leader in the highly competitive communications space. I was able to do. This advanced approach has accelerated 5G deployment, helping him achieve over 94% population coverage in just two years, and further led to a significant expansion of his FTTH footprint to reach 675,000 households. I did.
operational excellence
NOS’s operational success is reflected in all its business areas, with the total number of RGUs increasing significantly to approximately 11 million. The company’s B2C and B2B segments reported significant revenue growth due to higher average revenue per family and strong momentum in the Soho and Large Corporate segments. Additionally, NOS’ film exhibition and film distribution business recorded an 11% revenue increase due to a recovery in box office revenue.
Solid financial soundness
The company’s strategic decisions and operational success led to strong financial performance, with net profit increasing by 30.7% to 181 million euros. This growth was mainly due to the strong EBITDA performance and his €38.5 million non-recurring profit due to a favorable court ruling. Despite challenges such as rising interest rates and taxes, NOS’s underlying free cash flow increased significantly, solidifying its position as a bastion of profitable growth and sustainable profits.
As NOS looks to the future, its strategic choices, including the continued expansion of its 5G and FTTH networks, promise to maintain its competitive advantage and shareholder returns. The company’s strong financial health and operational success have laid a strong foundation for continued growth and innovation in a rapidly evolving telecommunications environment.
