Cellnex Closed the 2022 fiscal year with a loss of 297 million euros18% less than in 2021 and 38% more companies with revenues of 3,499 million reported to the National Securities Market Commission (CNMV) this Wednesday.
The company attributes it to the impact of losses. depreciation (+38% compared to 2021) and financial costs (+20% compared to 2021) “related to consolidation of acquisitions and integrations” and consequent expansion of the periphery.
Adjusted gross operating result (Ebitda) 2,630 million euros in 2022Recurring free cash flow, 36.9% more and leveraged, was 1,368 million compared to 981 million in the prior year.
Bertrand Kan, chairman of Cellnex, highlighted the company’s growth in 2022 in a statement: Until you pass 130,000 locations, It recalled its new capital allocation policy to optimize returns announced in November.
CEO Tobías Martínez, key financial indicators “They grew more than 37% in line with the outlook announced for the year”and underlined that organic growth was recorded.
The company “does not exclude” from opening capital for some of the Group’s subsidiaries, it says, to crystallize value and speed up the investment grade process.
business lines
Infrastructure Services for Mobile Telecommunications operators contributed 90.4% (EUR 3.163 million) to Cellnex’s revenues. 42.8% growth.
Broadcast infrastructure activity contributed 6.4% of revenue, with 224 million; and focused on solutions for security and emergency networks and smart management of urban infrastructures (IoT and Smart cities), the business contributed 3.2% of revenue with 112 million.
As of December 31, Cellnex had 110,830 operational sites (out of 19,759 planned to be deployed 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 UK, 2,864 in Sweden and 5,421 in Switzerland, to which 7,539 DAS and Small Cells nodes were added.
Forecasts for 2023
Currently, the company’s net financial debt (excluding lease liabilities) is 16,900 million, 77% refers to a flat rate..
on his behalf current liquidity 4,400 million euroThe total tax contribution was 513 million euros.
For this year, The company points to revenue estimates of between 4,100 million and 4,300 million.; An EBITDA of 2,950 to 3,050 million and a free and recurring cash flow of 2,000 to 2,200 million.