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Cellnex Guidance Document

COMMUNICATIONS


  • EUR spreads look broadly muted thus far; equity jumped to +4.4% DoD before coming off highs (noting the EUR 500mn dividend floor of 500mn
  • Ahead of the CMD event at 1pm London Time, a Cellnex press release has reiterated FY25 guidance and disclosed new FY24/MT guidance including a new leverage target of 5-6x
  • The announced disposal of their Irish operation for proceeds of closer to EUR 1bn supports these goals.
  • Figures as per the below charts and link
  • https://www.cnmv.es/webservices/verdocumento/ver?t...


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