For this year it foresees revenues of 4,100 to 4,300 million
BARCELONA, 1 Mar. (EUROPA PRESS) -
Cellnex closed the 2022 financial year with losses of 297 million euros, 18% less than in 2021, and with revenues of 3,499 million, 38% more, reported this Wednesday to the National Securities Market Commission (CNMV).
The company attributes the losses to the effect of amortizations (38% compared to 2021) and financial costs (20% compared to 2021) "associated with the consolidation of acquisitions and integrations" and the consequent expansion of the perimeter, according to a statement.
Adjusted Ebitda was 2,630 million euros, 36.9% more, and leveraged recurring free cash flow was 1,368 million, compared to 981 the previous year.
Cellnex's president, Bertrand Kan, highlighted the company's growth in 2022, to over 130,000 sites, and recalled the new capital allocation policy to optimize returns announced in November.
The CEO, Tobías Martínez, has stated that the key financial indicators "have grown by more than 37%, complying with the outlook announced for the year", and has highlighted the organic growth registered.
The company "does not rule out" opening the capital of certain subsidiaries of the Group, to crystallize value and speed up the investment grade process, he says.
Infrastructure Services for mobile Telecommunications operators contributed 90.4% (3,163 million euros) to revenue, representing a growth of 42.8%.
Broadcasting infrastructure activity contributed 6.4% of revenue, with 224 million; and the business focused on security and emergency networks and solutions for the intelligent management of urban infrastructures (IoT and Smart cities) contributed 3.2% of revenue, with 112 million.
As of December 31, Cellnex had 110,830 operational sites (apart from the 19,759 planned to deploy by 2030): 4,529 in Austria, 1,563 in Denmark, 10,462 in Spain, 24,598 in France, 1,921 in Ireland, 21,287 in Italy, 4,079 in the Netherlands , 15,298 in Poland, 6,398 in Portugal, 12,410 in the United Kingdom, 2,864 in Sweden and 5,421 in Switzerland, to which are added 7,539 DAS and Small Cells nodes.
Currently, the company's net financial debt for 2023 (excluding lease liabilities) amounts to 16,900 million, 77% of which is referenced to a fixed rate.
For its part, the liquidity available is 4,400 million euros, while the total tax contribution was 513 million euros.
For this year, the company points to revenue forecasts of between 4,100 million and 4,300 million; an Ebitda of between 2,950 and 3,050 million, and a free and recurring cash flow between 2,000 and 2,200 million.
