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General

Cellnex revenues and EBITDA up 11% in H1

Friday 26 July 2019 | 11:09 CET | News
Spanish operator Cellnex Telecom reported revenues of EUR 489 million in the first half of 2019, up 11 percent on the year-earlier result, with EBITDA likewise climbing 11 percent to EUR 321 million. The company's net profit improved to zero compared to the EUR 31 million loss posted in the first half of 2018, while recurring free cash flow improved to EUR 173 million from EUR 158 million the previous year. Cellnex also managed to cut its net debt to EUR 2.298 billion on 30 June, of which 79 percent is fixed rate, compared to EUR 3.166 billion a year earlier thanks to capital hikes executed

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Categories: General
Companies: Cellnex
Countries: Italy
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