Cellnex has closed the first nine months of the financial year with net losses of 219 million euros, which represents a cut of 16.7% compared with the same period last year, according to what it has communicated this Thursday to the National Securities Market Commission (CNMV).
The company’s consolidated revenues, not including the amounts passed on to clients (“pass-through”), reached 3,008 million euros, 2.4% higher year-on-year, while the operating revenue figure stood at 3,353 million, with an increase of 3.1%.
The company has stated that during the period it has achieved “solid progress,” supported by organic growth, improved operational efficiency, and lower investment intensity. These factors have enabled it to generate cash flow of 474 million euros, more than double that of the same months of the preceding financial year.
((THERE WILL BE AN UPDATE))