Cellnex slightly beats expectations with Ebitda of €778m and maintains guidance for rest of year
Bankinter : Cellnex (CLNX) 1Q2024 results slightly beat expectations. Revenues are up 7% to €946M (versus €947M estimated); Adjusted EBITDA is up 7% to €778M (versus €777M estimated) and Recurrent cash flow is up14% to €384M (versus €375M estimated). Maintains guidance for 2024: Revenues of €3,850-3,950m, EBITDA of €3,150-3250m and cash flow of €1,650-1750m. Assessment by Bankinter’s research team: Slightly better-than-estimated results in cash flow, although guidance remains unchanged for…
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