BARCELONA (Reuters) -Spain's Cellnex, Europe's largest mobile phone tower operator, said on Thursday its adjusted first-half core earnings rose 1.7% to 1.6 billion euros ($1.83 billion) and its net
Cellnex Reports 1.7% Rise in Core Earnings for First Half of 2025
BARCELONA (Reuters) -Spain's Cellnex, Europe's largest mobile phone tower operator, said on Thursday its adjusted first-half core earnings rose 1.7% to 1.6 billion euros ($1.83 billion) and its net loss narrowed by more than three times from a year ago.
With revenues up by about 1% at 1.94 billion euros, Cellnex also reiterated its full-year guidance, expecting revenues of between 3.95 and 4.05 billion euros, and adjusted earnings before interest, taxes, depreciation and amortisation of 3.275 billion to 3.375 billion euros.
"The results for the first half of 2025 consolidate Cellnex's organic growth trajectory," CEO Marco Patuano said in a statement. Cellnex said organic revenues alone rose 6% in the period from a year ago.
The telecoms company, which has a market capitalization of around 22 billion euros and has focused in recent years on reducing debt and improving its credit rating, still booked a net loss of 115 million euros in the first half, but swung to an operating profit of 244 million from a year-ago loss.
($1 = 0.8738 euros)
(Reporting by Joan Faus, edititng by Andrei Khalip)
