Cellnex Telecom has earned 2,903 million euros in the first nine months of the year, which represents a year-on-year increase of 7%, while organic income rose 7.4%, once the sale of sites in France is excluded. The EBITDA after leases (EBITDAaL) reached 1,723 million euros, with an improvement of 8.9% and the adjusted EBITDA did the same with an increase of 0.6%, up to 2,386 million euros compared to 2,248 million of euros for the first nine months of 2023.
After the intense strategy of acquisitions and investments in recent years, the group once again presents losses, in this case of 140 million euros, 29.2% lower than the 198 million euros in the same period of the previous year. The improvement in the income statement has its origin in the classification of assets in Austria, currently in the process of sale and with a negative impact of 265 million euros net of the corresponding tax effects.
Company sources also indicate that recurring leveraged free cash flow increased to €1,256 million compared to €1,171 million a year ago, and free cash flow (FCF) reached €326 million thanks to the cash generation and the 357 million euros received in the context of the remedy processes.
As indicated in the document shared with the markets, the company “is evaluating with the rating agencies the potential increase in shareholder remuneration in 2025, keeping intact its debt commitments and investment grade rating. For now, the board Cellnex’s administration agreed last week to distribute a dividend of 0.046 euros per share on November 21, charged to the share premium reserve for a total amount of 32.46 million euros.
Likewise, Cellnex has signed a Power Purchase Agreement –PPA– for the supply of renewable electricity, thus reinforcing its commitment that 100% of its electricity consumption is renewable by 2025 in line with its energy strategy until 2025.
Contracts with large operators
The company led by Marco Patuano has reported the existence of “advanced negotiations with MasOrange”, to extend and unify into a single contract its current contract in Spain until 2048, with an “all or nothing” renewal option in 2038. In the same negotiated, the company has strengthened its relationship with Vodafone UK and Virgin Media O2 with the signing of a new long-term agreement to supply tower infrastructure and associated services to both operators in the United Kingdom. Likewise, Cellnex has renewed in France an additional 10-year period with Hivory for 1,700 Iliad points of presence (PoPs) installed at Hivory sites.
#Cellnex #studies #increasing #dividend #growing #income #million
