Cellnex Telecom Reports Third Quarter 2024 Earnings

Cellnex Telecom (BME:CLNX) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.22b (up 7.2% from 3Q 2023).
• Net income: €278.1m (up from €4.56m loss in 3Q 2023).
• Profit margin: 23% (up from net loss in 3Q 2023).
• EPS: €0.39.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cellnex Telecom Earnings Insights

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe.

Performance of the market in Spain.

The company's shares are down 2.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Cellnex Telecom's balance sheet and an in-depth analysis of the company's financial position.

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