Welcome to Helios Towers plc’s first-quarter 2024 earnings call. We appreciate you joining us today to discuss our financial and operational results.
Financial Highlights
- Revenue increased by 12% year-over-year to $275 million.
- Adjusted EBITDA grew by 15% to $195 million.
- Net income increased by 25% to $105 million.
- Diluted earnings per share rose by 27% to $0.50.
Operational Highlights
- Added 825 new towers to our portfolio, bringing our total to 14,500.
- Signed 450 new tenants, expanding our customer base by 10%.
- Increased lease renewal rates by 5%, demonstrating our commitment to long-term relationships.
Market Outlook
We remain optimistic about the long-term growth prospects of the telecommunications tower industry in Africa. The ongoing rollout of 5G networks and the increasing demand for connectivity are driving demand for our services.
Strategic Priorities
Growth
Operational Excellence
Sustainability
Conclusion
We are very pleased with our strong financial and operational performance in the first quarter of 2024. We are confident that we are well-positioned to continue delivering value to our shareholders and stakeholders.
Thank you for your time and attention. We now open the call for questions.
Kind regards,
S. Singh
Commercial
