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Cellnex goes up on the stock market: it loses 84 million until September but its Ebitda shoots up by 68%


Cellnex Telecom has lost 84 million euros from January to September 2020 "due to the effect of higher amortizations (+ 100% compared to the same quarter of last year) and financial costs (+ 37%) associated with the intense acquisition process during 2019 and 2020, and the consequent expansion of the perimeter, "according to the company. Its shares have risen by 5.89%, to 57.02 euros.

The income amounted to 1,149 million euros (+ 53%) and the Ebitda grew up to 838 million (+ 68%) "after consolidating the acquisitions carried out in 2019 and in the first months of 2020. This is consistent with the phase of strong growth that the company is experiencing, and therefore –as advanced in the presentation of results for the 2019 financial year- , we must expect that the group will continue to show a negative accounting result in the coming quarters ", adds Cellnex.

The company has confirmed "the forecasts for 2020 after the upward revision announced last July of Ebitda and recurring free cash flow. "The group's backlog – contracted sales – reached 53,000 million euros, including the forecasts of the agreement with Iliad in Poland announced on last October 23 ".

Net debt as of September 30 amounted to 3.776 million euros. 74% at a fixed rate, with an average cost of the debt (drawn down) of 1.7% and an average life of 5.5 years. The liquidity available at the end of the semester (treasury + credit lines) amounted to 7.2 billion euros.

The advice has approved a dividend payment of 0.03588 euros per share, charged to the issue premium reserve, which will be effective on November 25.


The infrastructure services for mobile telecommunications operators they contributed 78% of the income, with 898 million (77% more); radio broadcasting infrastructures contributed 15%, with 172 million; and IoT and Smart Cities 7%, with 78 million.

As of September 30, 65% of revenues were generated outside the Spanish market, and Italy was the second most important, with 22% of the turnover.

The total investments executed until September 2020 was 3,585 million, most of which were used to "generate new income" with new assets in Portugal, the United Kingdom and the deployment of new infrastructure in France.

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