Solid PoP Growth
PoPs increased by 9.5% compared to last year, indicating strong commercial performance and market demand.
Organic Revenue and EBITDA Growth
Organic revenues increased by 7.4%, and organic EBITDA after leases grew by 9.8%, showcasing robust financial health.
Successful Portfolio Optimization
The Irish and Austrian deals are on track, with all necessary approvals obtained for Austria, indicating effective capital allocation strategies.
Efficient Debt Management
No debt maturities left in 2024, and recent bond issuance to repay higher-cost variable debt, maintaining a low average cost of debt at 2.2%.
Positive MNO Consolidation Impact
MNO consolidation in Europe is expected to be neutral or positive for Cellnex, with new long-term contracts mitigating short-term impacts.
Broadcasting Business Stability
Sustained broadcasting revenue growth and cash generation well above 65%, with spectrum allocation expected until 2038.