Cellnex Telecom reports Q3 results; reaffirms FY24 outlook

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Cellnex Telecom, S.A. press release (OTCPK:CLNXF): nine months ended Revenue of €3.2B (+6.3% Y/Y).
Total revenues ex-pass throughs €2,903M (+7.0% vs. 9M 2023). Organic revenues growth +7.4%.
EBITDAaL €1,723M (+8.9% vs. 9M 2023). EBITDAaL margin 59% vs. 58% 9M 2023. Organic EBITDAaL growth +9.8%.
FCF €326M vs. €436M in 9M 2023.
On track to meet our 2024 financial outlook – All public targets reiterated.

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