2023-11-10 15:18:52
Cellnex lost 198 million until September, 22.3% less than in the same period last year, due to the consolidation of growth operations. The telecommunications infrastructure manager has exceeded 3,000 million in revenue, which represents an increase of 16.9%.
The gross operating result has reached 2,248 million, 16.9% more compared to the same period in 2022, and the net financial debt has decreased by 300 million, to 17,600 million, 75% of it referenced to a fixed rate , as reported by the company to the stock market supervisor, the CNMV.
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Cellnex also plans to achieve positive free cash flow at the end of this year – after achieving 436 million by September and despite initially estimating it to be achieved in 2024 – and maintains its commitment to organic growth and obtaining investment grade no later than next year, after leaving behind years of growth through acquisitions.
“This period has been characterized by good commercial performance and solid operational execution, with revenue and ebitda in line with plan and positive free cash flow ahead of schedule. Once again, we confirm all our financial objectives to short and medium term,” said the CEO of Cellnex, Marco Patuano.
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