2021 revenue and adjusted EBITDA were slightly better than expected. Cellnex also gave its forecast for 2022 with revenue of €3.45-3.5bn, and an EBITDA between €2.65bn and €2.7bn. These numbers are also slightly better than our own expectations.
We maintain our Buy on the stock which has decreased by 35% since last September with a target price 10% below the highest reached last autumn.
25 Feb 2022
Still digesting its acquisitions
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Still digesting its acquisitions
- Published:
25 Feb 2022 -
Author:
Jean-Michel Salvador -
Pages:
3
2021 revenue and adjusted EBITDA were slightly better than expected. Cellnex also gave its forecast for 2022 with revenue of €3.45-3.5bn, and an EBITDA between €2.65bn and €2.7bn. These numbers are also slightly better than our own expectations.
We maintain our Buy on the stock which has decreased by 35% since last September with a target price 10% below the highest reached last autumn.