New Street Research - Odido (T-Mobile NL) (Overweight) Q1 25: Nice acceleration in fixed service revenue growth, guidance reiterated

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New Street Research

Russell Waller

EUR 8536.00 For Business Accounts Only

Odido (T-Mobile NL) (Overweight) Q1 25: Nice acceleration in fixed service revenue growth, guidance reiterated

Odido has reported a decent set of Q1 number: fixed (and total) SR growth has improved, and although EBITDAaL growth is slower this quarter, guidance for EBITDAaL growth to be ahead of SR for the full year has been reiterated. In addition, capex has started to fall, supporting FCF.

28/05/2025 1 EN

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

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Pan European Telecom Services and Cable

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Analysts

Russell Waller

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Odido (T-Mobile NL) (Overweight) Q1 25: Nice acceleration in fixed service revenue growth, guidance reiterated

Thai Telcos Auction concludes, no major surprises

VIPS 2Q25 Preview: Lowering 2Q Topline Estimates

Microsoft vs. OpenAI: Implications for investors?

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