Report
Ana Arjona-Martinez ...
  • Antonio Rodriguez Vicens

Cellnex : Company’s performance remains strong, with results in line

>P&L metrics in line, with a 6.5% organic growth… - Cellnex’s Q1 2022 results were in line with our estimates (revenues € 828m vs € 829m in our estimates and recurring EBITDA € 634m vs € 636m estimated). Organic growth remained strong, with a 6.5% increase in PoPs excluding acquisitions, which was slightly above the initial guidance provided by the company of >5%, thanks to a faster deployment of the built-to- suit programmes than initially expected. This faster organ...
Underlying
Cellnex Telecom S.A.

Cellnex Telecom SA is a Spain-based company engaged in the wireless telecommunications (telecom) business. Its activities are divided into three segments: Broadcasting infrastructure, Telecom site rental, as well as Network services and other. The Broadcasting infrastructure division comprises distribution and transmission of television (TV) and frequency modulation (FM) radio signals, operation and maintenance (O&M) of radio broadcasting network, as well as over-the-top (OTT) radio services, among others. The Telecom site rental division provides access to wireless infrastructure, primarily through infrastructure hosting and telecom equipment co-location, mainly for mobile network operators and other wireless and broadband telecom network operators. The Network services and other division offers connectivity services for a variety of telecom operators and radio communication, among others. The Company also develops 5th generation mobile networks (5G) through Alticom BV.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ana Arjona-Martinez

Antonio Rodriguez Vicens

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