Cellnex’s shares fell 4% in the stock market, up to 28.86 euros per share, after communicating, before opening the market, which raised its losses in the first quarter of the year 25.6%, up to 49 million euros.
Specifically, Cellnex’s titles They backed 4% at 9.40 am After opening the session with a 3.6%decrease.
The company, which closed the first quarter of the year with some income of 964 million euros6.3% more, explained that its net result remained negative for the provision corresponding to the application of the ERE in Spain for 209 workers, as well as for the heritage gain derived from the sale of its Ireland subsidiary in February 2025.
The gross output of adjusted exploitation (Adjusted EBITDA) registered by Cellnex was 798 million euros7.7% more than a year ago, “driven by the organic growth of pops” in the grouping of the group, which increased 4.3%.
The Cellnex CEO, Marco Patuano, stressed that they continue to “comply with each and every” of its objectives, such as Operational execution, despite the complex geopolitical context.
«We are in the correct path to face the final stretch of the consolidation phase and open the third chapter of Cellnex, Growth centered «, he said after defending his road map and the commitments fulfilled with the market.
Ebitdal and Fluxation of boxes
On the other hand, the Ebitda after leases (Ebitdal) he situated in 566 million (+8.7%), “reflecting discipline in the management of operating expenses and leases.”
He free cash flow was 66 million negativecompared to the 103 million a year ago, due “to the important volume of investment in the deployment of new locations in the period.”
By business lines, the site for telecommunications operators contributed 778 million euros (+5.8%), 80.7% of the total, while the DAS business, Small Cells and other network services contributed 62 million (+5%), 6.4% of the total.
The fiber, connectivity and co -lubication services entered 58 million (+24%), 6.1% of the total, and radio infusion (+3%) and 6.8% of the total.
As of March 31, the company had 109.357 Operational sitesto which they must be added 1.963 Location by broadcasting y 13,105 DAS and SMALL CELLS.
The organic growth of the points of presence (POPS) in the locations was 4.3% in relation to the same period of 2024, 1.8% from new placements in existing locations and 2.5% of the deployment of new pops.
Debt and access to liquidity
The Net debt of the group reached 16,800 million euroscompared to 17,361 of the same period of the previous year, and 80% were referenced to fixed type.
The company has access to immediate liquidity (treasury and credit lines not arranged) for an approximate amount of 4.7 billion euros.
As for the Actions repurchase program In value of 800 million euros started in early March, a total of 22,490,613 shares with an average price of 33.15 euros have already been acquired, which represents a amount of 746 million euros, 93% of the total.
No impact of tariffs
The company, which believes that tariffs will not have a negative impact, provides for revenues to be between 3,950 and 4,050 million euros in 2025.
Likewise, the Ebitda will be between 3,275 and 3,375 million and the recurring free cash flow, between 1,900 and 1,950 million euros.
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