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Wireless

Cellnex revenues up 16% to EUR 439 mln in H1, EBITDA up 20%

Friday 27 July 2018 | 09:16 CET | News
Spanish operator Cellnex Telecom reported revenues of EUR 439 million in the first half of 2018, up 12 percent on the year-earlier result, with EBITDA rising 20 percent to EUR 291 million following the adoption of IFRS16 accounting standards. The company's net profit came in at EUR 15 million, down from EUR 19 million a year earlier due to the higher amortisations (up 23% compared to the first half of 2017) and financial costs (up 45% year on year) associated with the group's expansion.

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Categories: Mobile & Wireless
Companies: Cellnex
Countries: Spain
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