New Street Research - Odido (formerly T-Mobile NL) (TMOBNL) Odido (T-Mobile NL) Q1 24: B2C mobile ARPU now only +0.7% y/y - front book pricing fix needed

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New Street Research

Russell Waller

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Odido (T-Mobile NL) Q1 24: B2C mobile ARPU now only +0.7% y/y - front book pricing fix needed

Odido has reported a good set of Q1 24 results, but APRU trends have deteriorated again, and are now only +0.7% y/y in B2C mobile, suggesting that the planned offensive on front book prices, promised at the Q4 results, can not come soon enough.

24/05/2024 1 EN

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Odido (formerly T-Mobile NL)

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Russell Waller

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Odido (T-Mobile NL) Q1 24: B2C mobile ARPU now only +0.7% y/y - front book pricing fix needed

Odido Q4 23: Good SR and EBITDA growth; possible frontbook fix on the cards?

FWA: Should wireline operators be worried?

WISE (Neutral, TP: £8.00 (from £8.30) , +10%) WISE - FY model update: On the Attack; Company call feedback

Evotec - Double Downgrade - Cut to SELL

Bible 1Q24 - Service Provider Infrastructure: Approaching the bottom of the cycle?

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