Cellnex Telecom It has grown 58% in revenue in 2021, to 2,536 million euros. The group led by Tobías Martínez recorded a gross operating result (ebitda) of 1,921 million in the period, 63% more, reflecting, along with organic growth, the effect of the consolidation of acquisitions of assets carried out in 2020 and 2021.
the sinfrastructure services for mobile telecommunications operators contributed to revenue 87%, with 2,215 million euros, which represents a growth of 74% compared to 2020; While the activity of broadcast infrastructures contributed a 9% of revenue with 219 million. The business focused on security and emergency networks and solutions for the intelligent management of urban infrastructures (IoT and Smart cities) contributed a 4% of income, with 103 million euros. The The company’s main market is Spain with a 21% of income of the group, followed by Italy, with 20% and France with 16%.
The accounting net income was negative by 351 million euros, due to the effect of the higher Amortization (73% more than in 2020) and financial costs (64% more than in 2020) associated with intense procurement process and the consequent expansion of the group’s perimeter; as well as two impacts of character extraordinary and non-recurring, corresponding to the voluntary early retirement plan agreed in December in the subsidiaries of Cellnex Spain for the period 2022-2025 (80 million euros), and the increase in Corporation tax in the United Kingdom, which will go from the current 19% to 25% in 2023 (approximately 100 million euros).
The company also confirms its perspective for exercise 2022 with some income between 3,460 and 3,510 million eurosa ebitda which would be located between 2,650 and 2,700 million and a 39% growth in recurring cash flow (1,350-1,380 million). “It has been an excellent year for Cellnex. We are very satisfied with another year of strong growth in operations, cash flows and margins, in line with forecasts”, stated the Chairman of Cellnex, Bertrand Khan.
Debt net financial as of December 31, 2021 amounted to 11,919 million euros. Cellnex has -at the end of December 2021- a available liquidity (cash and undrawn debt) of approximately €8.6 billion.
locations
In 2021 Cellnex closed growth operations in France (Hivory), Austria, Denmark, Ireland, Italy and Sweden (CK Hutchison), Poland (Play and Polkomtel Infrastructure) and the Netherlands (TMobile NL locations) with an associated investment of 18,800 million euros. Additionally, in recent months Cellnex has reached new growth agreements in France, Portugal, the United Kingdom and the Netherlands with an accumulated investment of 1,900 million euros.
Thus, on December 31, Cellnex had a total of 101,802 operational locations (without taking into account the sites to be deployed and operations pending closure): 4,494 in Austria, 1,411 in Denmark, 10,368 in Spain, 22,797 in France, 1,834 in Ireland, 20,272 in Italy, 4,069 in the Netherlands, 14,651 in Poland, 5,875 in Portugal, 7,996 in the United Kingdom, 2,668 in Sweden and 5,367 in Switzerland; to which are added 5,213 DAS nodes and Small Cells (c.50% more, compared to 2020).