Cellnex cuts losses by 29% and expects to accelerate dividend payments in 2025

Cellnex reduced its losses by 29%up to 140 million euros between January and September this year. This evolution is associated with asset classification in Austriawhich are in the process of sale and effect higher depreciation charges and financial costs is due to the “intensive investment process currently underway.” Considering business development, the company estimates advance payment to shareholders for 2025.

The group’s total revenue (excluding electricity conversion to consumers) amounted to 2.903 million euros, representing an increase of 7% compared to the first nine months of last year. Organic revenue, which largely excludes the impact of the sale of sites in France, rose 7.4%.

Operating result (Ebitda) after lease reached 1.723 million euros (+8.9%). Organic grew 9.8%. Adjusted Ebitda increased to EUR 2.386 million (compared to EUR 2.248 million in the first nine months of 2023).

“Solidity” of figures

Marco PatuanoCEO of Cellnex, emphasized “solidity” of figures has been achieved and which are consistent with short and medium term goals, allowing confirm forecast for 2024. Added to this, Patuano adds, is progress in renewing and expanding contracts with customers in the main markets in which the company operates.

“In just over a year, we will achieve a significant portion of the major strategic goals we have set for the new Cellnex division, and we expect to be able to achieve them with increasing remuneration to our shareholders

– following the closure of trading operations in Ireland and Austria – thereby fulfilling all our obligations to the market,” he said.

duty pure financial group is 17,500 million euros as of September 2024. 80% refers to a fixed rate. Cellnex currently has access to immediate liquidity (treasury and undrawn credit lines) of approximately €4 billion.

Board of Directors approved dividend payment of 0.046 euros per share

is charged to the share premium reserve, which will become effective on November 21, and is added to the amount paid on June 17 in the amount of EUR 0.01676 per share. The company says it is “working with rating agencies to assess potential increases in shareholder compensation in 2025, while maintaining its debt obligations and investment grade rating.”