Cellnex Telecom Q3 Results Highlight Robust Growth and FY24 Outlook
Cellnex Telecom Reports Q3 Results
Cellnex Telecom recently released its Q3 results highlighting strong performance in the telecommunications sector. For the nine months ending, the company achieved a remarkable Revenue of €3.2B, marking an increase of 6.3% Y/Y. The total revenues, excluding pass-throughs, stood at €2,903Mn, reflecting a growth of 7.0% vs. 9M 2023.
Strong Organic Revenue Growth
The organic revenue growth for Cellnex was +7.4%, signaling the company's strong market position. This growth trajectory indicates that Cellnex Telecom is well-prepared for future developments and challenges in the telecommunications landscape.
FY24 Outlook Reaffirmed
Cellnex's Q3 performance not only demonstrates its resilience but also reinforces the forecast for FY24. Investors can anticipate continued growth as the company capitalizes on emerging opportunities within the industry.
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