Revenue and EBITDA Growth
Revenues increased by 5.7% and Adjusted EBITDA rose by 6.9% for the first nine months of the year. EBITDAaL grew by 7.5%, indicating strong operating performance.
Shareholder Returns
Commitment to return EUR 1 billion to shareholders by the end of 2026, including EUR 500 million in dividends and EUR 500 million in share buybacks.
Operational Efficiency
Operational efficiency programs resulted in a 150 basis points improvement in EBITDA after lease margin, expanding to 60.8% from 59.3% a year ago.
Deleveraging
Leverage ratio improved from 6.6x to 6.4x, with a commitment to maintain investment-grade status and target range of 5x to 6x.
Credit Rating Affirmation
Fitch reaffirmed BBB- rating and raised the leverage threshold to 7.3x, providing greater financial headroom.