New Street Research - Helios Towers (HTWS) Helios Towers (Buy, TP: GBp140, +33%) Q3 24: Mixed quarter; encouraging FY25 targets; call feedback included

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New Street Research

Chris Hoare

EUR 9605.00 For Business Accounts Only

Helios Towers (Buy, TP: GBp140, +33%) Q3 24: Mixed quarter; encouraging FY25 targets; call feedback included

Helios Towers has reported a mixed set of Q3 results. Revenue missed consensus while EBITDA came in in line. The company has increased guidance for organic tenancy net additions and is guiding towards the high end of the FY24 guidance.

07/11/2024 1 EN

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Helios Towers

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GB00BJVQC708 London Stock Exchange United Kingdom

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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Pan European Telecom Services and Cable

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Analysts

Chris Hoare

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Helios Towers (Buy, TP: GBp140, +33%) Q3 24: Mixed quarter; encouraging FY25 targets; call feedback included

EM Towers Q2 CY24 review: Improving trends in China and Africa, Indonesia stable while Indus slowed

Helios Towers - Initiation. Buy. Price target GBp 140

OpenAI: o3 is a game changer - a few steps away from AG. After the $1bn-to-train model, the $1m-inference model.

Airtel Africa (Buy, TP: GBp200, +85%) Second share buyback program

Takeaways from our conversation with VerticalScope (FORA-TO, Not rated)

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