Cellnex GSM highlights KPIs, expansion in Europe, and cash flow visibility
(WorldNews Spain)

The Shareholders` Meeting approved the results for financial year 2016, in which the main business indicators exceeded market expectations: Income: EUR 707 million (+15%) EBITDA: EUR 290 million (+23%) Recurring free cash flow: EUR 251 million (+29%) Business diversification: 55% of revenues from telecommunications infrastructure and services; 33% from broadcasting; 12% from network services Geographical diversification: 36% of revenue and 33% of EBITDA is generated outside Spain, 34% of revenue in Italy Net debt: EUR 1.499 billion (annualized debt/EBITDA 4.6x). Investment performed: EUR 748 million (EUR 670 million applied to growth in Europe) Cellnex on the stock market: +18% vs. IBEX 35 since May...