Hellenic Telecommunications Organization S.A. Logo

Hellenic Telecommunications Organization S.A.

ISIN: GRS260333000 | Ticker: HTO | LEI: ELPUFM0XZRZO4LFXW404
Country: Greece

About Hellenic Telecommunications Organization S.A.

Company Description

OTE Group is the largest technology company in Greece. It is one of the top listed companies with respect to capitalization on the Athens Stock Exchange and is also listed on the London Stock Exchange. Deutsche Telekom holds 49.22% of OTE’s share capital and the Greek State holds 7%. In 2021, OTE Group employed approximately 10,500 people in Greece.

OTE Group offers a wide range of services: fixed-line and mobile telephony, broadband services, subscription television and integrated ICT solutions. The Group is also active in maritime communications and real-estate, and has the BOX online food ordering service and the COSMOTE Insurance digital platform for comparison and purchase of insurance. Abroad, the Group operates in the mobile telecommunications market of Romania.

Year founded

1949

Served area

Europe

Headcount

10,500

Headquarters

Kifisias Ave. 99, 15124 Marousi – Greece

Financial statements

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Line item in (eur) 02.01.2020 01.01.2021 02.01.2021 01.01.2022 01.01.2023
Assets N/A 5,867,900,000.00 N/A 5,217,000,000.00 4,999,200,000.00
Noncurrent Assets N/A 4,105,000,000.00 N/A 3,825,000,000.00 3,704,000,000.00
Property Plant And Equipment N/A 2,060,600,000.00 N/A 2,080,300,000.00 2,081,100,000.00
Goodwill N/A 376,600,000.00 N/A 376,600,000.00 376,600,000.00
Other Intangible Assets N/A 408,000,000.00 N/A 387,700,000.00 335,100,000.00
Investments In Associates Accounted For Using Equity Method N/A N/A N/A 100,000.00 100,000.00
Investments In Subsidiaries Joint Ventures And Associates N/A 100,000.00 N/A 100,000.00 N/A
Deferred Tax Assets N/A 364,000,000.00 N/A 197,900,000.00 178,200,000.00
Noncurrent Loans And Receivables N/A 72,300,000.00 N/A 68,600,000.00 64,700,000.00
Other Noncurrent Assets N/A 75,700,000.00 N/A 75,900,000.00 75,300,000.00
Current Assets N/A 1,156,400,000.00 N/A 1,392,000,000.00 1,295,200,000.00
Inventories N/A 26,900,000.00 N/A 38,000,000.00 54,000,000.00
Trade And Other Current Receivables N/A 433,100,000.00 N/A 504,400,000.00 471,200,000.00
Other Current Financial Assets N/A 5,400,000.00 N/A 5,600,000.00 4,800,000.00
Cash and cash equivalents 1,058,300,000.00 516,200,000.00 516,200,000.00 630,700,000.00 590,100,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 606,500,000.00 N/A 0.00 N/A
Other Current Assets N/A 143,800,000.00 N/A 176,900,000.00 123,700,000.00
Equity And Liabilities N/A 5,867,900,000.00 N/A 5,217,000,000.00 4,999,200,000.00
Equity 2,183,100,000.00 2,139,800,000.00 2,139,800,000.00 1,972,200,000.00 1,848,900,000.00
Issued Capital N/A 1,330,600,000.00 N/A 1,292,600,000.00 1,227,300,000.00
Retained Earnings N/A 3,396,000,000.00 N/A 3,414,400,000.00 3,267,900,000.00
Share Premium N/A 476,400,000.00 N/A 462,600,000.00 438,900,000.00
Treasury Shares N/A 132,200,000.00 N/A 157,100,000.00 73,500,000.00
Other Equity Interest N/A -3,314,100,000.00 N/A -3,314,100,000.00 N/A
Statutory Reserve N/A 440,700,000.00 N/A 440,700,000.00 440,700,000.00
Equity Attributable To Owners Of Parent N/A 1,995,800,000.00 N/A 1,970,500,000.00 1,848,400,000.00
Noncontrolling Interests N/A 144,000,000.00 N/A 1,700,000.00 500,000.00
Noncurrent Liabilities N/A 1,663,300,000.00 N/A 1,307,000,000.00 1,343,300,000.00
Noncurrent Contract Liabilities N/A 25,400,000.00 N/A 33,200,000.00 40,800,000.00
Deferred Tax Liabilities N/A 9,800,000.00 N/A 3,300,000.00 400,000.00
Other Noncurrent Liabilities N/A 107,800,000.00 N/A 89,300,000.00 55,700,000.00
Longterm Borrowings N/A 974,800,000.00 N/A 753,700,000.00 881,500,000.00
Current Liabilities N/A 1,753,600,000.00 N/A 1,937,800,000.00 1,807,000,000.00
Current Provisions For Employee Benefits N/A 178,900,000.00 N/A 0.00 N/A
Trade And Other Current Payables N/A 719,800,000.00 N/A 818,500,000.00 874,000,000.00
Current Contract Liabilities N/A 121,800,000.00 N/A 132,500,000.00 136,100,000.00
Current Tax Liabilities Current N/A 76,200,000.00 N/A 44,000,000.00 92,300,000.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A 311,200,000.00 N/A 0.00 N/A
Other Current Liabilities N/A 364,500,000.00 N/A 471,500,000.00 453,000,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 3,258,900,000.00 3,336,300,000.00 3,455,300,000.00
Revenue From Rendering Of Mobile Telephone Services N/A 1,164,100,000.00 1,189,000,000.00
Revenue From Rendering Of Interconnection Services 574,100,000.00 585,300,000.00 N/A
Revenue From Rendering Of Other Telecommunication Services 294,000,000.00 293,900,000.00 N/A
Revenue From Interest N/A 1,000,000.00 2,700,000.00
Revenue From Dividends 0.00 0.00 0.00
Other Revenue 65,400,000.00 71,700,000.00 86,700,000.00
Other Income 10,400,000.00 9,200,000.00 10,500,000.00
Cost Of Merchandise Sold 305,500,000.00 311,300,000.00 358,700,000.00
Professional Fees Expense 164,500,000.00 177,600,000.00 N/A
Advertising Expense 63,500,000.00 66,000,000.00 69,900,000.00
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 833,200,000.00 667,600,000.00 795,100,000.00
Other Expense By Nature 64,200,000.00 73,600,000.00 N/A
Profit Loss From Operating Activities 331,400,000.00 812,300,000.00 590,500,000.00
Finance Income 1,700,000.00 1,000,000.00 N/A
Finance Costs 56,200,000.00 45,000,000.00 N/A
Profit Loss Before Tax 283,100,000.00 719,400,000.00 554,900,000.00
Income Tax Expense Continuing Operations 45,900,000.00 233,600,000.00 166,200,000.00
Profit Loss From Continuing Operations 237,200,000.00 485,800,000.00 388,700,000.00
Profit Loss From Discontinued Operations 138,500,000.00 103,900,000.00 0.00
Profit (loss) 375,700,000.00 589,700,000.00 388,700,000.00
Profit Loss Attributable To Owners Of Parent 359,900,000.00 557,600,000.00 388,600,000.00
Profit Loss Attributable To Noncontrolling Interests 15,800,000.00 32,100,000.00 100,000.00
Line item in (eur) 01.01.2021 02.01.2020 01.01.2022 02.01.2021 01.01.2023
Profit (loss) 375,700,000.00 N/A 589,700,000.00 N/A 388,700,000.00
Adjustments For Decrease Increase In Inventories 10,200,000.00 N/A -11,300,000.00 N/A -16,000,000.00
Adjustments For Depreciation And Amortisation Expense 833,200,000.00 N/A 667,600,000.00 N/A 795,100,000.00
Adjustments For Unrealised Foreign Exchange Losses Gains 3,600,000.00 N/A -1,500,000.00 N/A -1,600,000.00
Cash Flows From Used In Operating Activities 1,247,900,000.00 N/A 1,224,200,000.00 N/A 1,317,200,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 0.00 N/A 0.00 N/A 0.00
Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities 0.00 N/A 89,300,000.00 N/A N/A
Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities N/A N/A 7,200,000.00 N/A 7,200,000.00
Dividends Received Classified As Investing Activities 0.00 N/A 0.00 N/A 0.00
Interest Received Classified As Investing Activities 1,700,000.00 N/A 1,000,000.00 N/A 2,700,000.00
Other Inflows Outflows Of Cash Classified As Investing Activities 0.00 N/A 0.00 N/A N/A
Cash Flows From Used In Investing Activities -730,100,000.00 N/A -435,500,000.00 N/A -638,500,000.00
Payments To Acquire Or Redeem Entitys Shares 142,300,000.00 N/A 190,300,000.00 N/A 293,600,000.00
Proceeds From Borrowings Classified As Financing Activities 367,400,000.00 N/A 350,000,000.00 N/A 300,000,000.00
Repayments Of Borrowings Classified As Financing Activities 874,300,000.00 N/A 404,400,000.00 N/A 397,700,000.00
Payments Of Lease Liabilities Classified As Financing Activities 63,500,000.00 N/A 70,000,000.00 N/A 83,300,000.00
Other Inflows Outflows Of Cash Classified As Financing Activities N/A N/A 0.00 N/A 4,000,000.00
Cash Flows From Used In Financing Activities -983,800,000.00 N/A -746,500,000.00 N/A -721,400,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes -466,000,000.00 N/A 42,200,000.00 N/A -42,700,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -2,800,000.00 N/A -1,000,000.00 N/A 2,100,000.00
Cash and cash equivalents 516,200,000.00 1,058,300,000.00 630,700,000.00 516,200,000.00 590,100,000.00

Please note that some sums might not add up.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

GRS260333000

LEI

ELPUFM0XZRZO4LFXW404

Sector

Communication Services

Industry Group

Telecommunication Services

Industry

Diversified Telecommunication Services

Sub-Industry

Integrated Telecommunication Services

Listed Stock Exchange

Athens Stock Exchange

Stock Index

ATHEX Composite

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