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

Cellnex : Results in line – guidance reiterated ‘trending to the upper end of the range’

>EBITDA completely in line with revenues slightly higher… - Cellnex’s Q2 2022 results were in line with our estimates as a slight beat on revenues was almost fully offset at the recurring EBITDA level: revenues were 2.5% higher and recurring EBITDA 0.5% higher (€ 862m vs € 841m estimated and € 648m vs € 644m estimated respectively). Organic growth remained strong, with a 5.2% increase in PoPs in H1 excluding acquisitions, which is completely in line with the guidance...
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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