The company provided strong 2027 guidance above analyst consensus
Free cash flow significantly exceeded expectations in Q4
Analysts believe the results alleviate fears of market slowdown
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European telecom tower operator Cellnex reported fourth-quarter results ahead of analyst expectations and issued reassuring guidance for 2027 on February 27, 2026, addressing concerns about potential slowdown in demand across key markets. The company's fourth-quarter revenue reached €1.06 billion, matching consensus estimates of €1.05 billion and increasing €64 million quarter-over-quarter. Adjusted EBITDA came in at €881 million, beating the €872 million consensus and rising €51 million sequentially, while recurring levered free cash flow totaled €613 million, exceeding the €571 million expectation. This stronger performance lifted free cash flow to €164 million, €39 million above the €125 million consensus, supported by improved EBITDA, reduced lease, interest and tax payments, and better-than-expected working capital inflow. Looking ahead, Cellnex guided for 2026 revenue of €4.08 billion to €4.18 billion, adjusted EBITDA of €3.43 billion to €3.53 billion, and free cash flow of €600 million to €700 million, all in line with or slightly above analyst expectations. For 2027, the company targets revenue of €4.26 billion to €4.46 billion and adjusted EBITDA of $3.61 billion to $3.81 billion, both above consensus, while projecting free cash flow of $975 million to $1.18 billion versus $1.11 billion expected. 'Cellnex has suffered from steady cuts to consensus, but a clean beat in Q4, and a confident outlook for 2027 should alleviate some fears of a slowdown in demand across key markets,' Jefferies analysts noted following the results.
Cellnex Telecom is a Spanish wireless telecommunications infrastructure and services company with up to 135,000 sites -including forecast roll-outs up to 2030- throughout Europe. Its activity is divided into four main areas: services for telecommunications infrastructures; audiovisual broadcasting n...
Earnings before interest, taxes, depreciation, and amortization, commonly known as EBITDA ( EE-bit-dah, EB-it-dah), is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset bas...
Market populism, coined by American journalist and historian Thomas Frank, is the concept that the free market is more democratic than any political democracy. Frank himself does not believe this premise and sets forth arguments against it in his book One Market Under God. The concept received major...
In financial accounting, free cash flow (FCF) or
free cash flow to firm (FCFF) is the amount by which a business's operating cash flow exceeds its working capital needs and expenditures on fixed assets (known as capital expenditures). It is that portion of cash flow that can be extracted from a com...
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Netflix declines to match Paramount Skydance bid for Warner Bros Gold prices steady near $5,200/oz; strong Feb gains on tap This is where Deutsche Bank sees silver prices ending the year Nvidia CEO Huang said SaaSpocalypse narrative wrong, sees ’deep misunderstanding’ (South Africa Philippines Nigeria) Cellnex tops Q4 forecasts, provides reassuring 2027 guidance By Vahid Karaahmetovic Author Vahid Karaahmetovic Earnings Published 02/27/2026, 04:03 AM Cellnex tops Q4 forecasts, provides reassuring 2027 guidance 0 CLNX 1.38% Investing.com -- Cellnex edged higher after the telecom tower group reported fourth-quarter results ahead of expectations and issued reassuring 2027 guidance. The stock was up 0.6% by 09:00 GMT. Get key analyst insight into market-moving news with InvestingPro The company’s fourth-quarter revenue came in at €1.06 billion, in line with the company’s consensus of €1.05 billion and up €64 million quarter over quarter. Adjusted EBITDA reached €881 million, beating the €872 million consensus and rising €51 million sequentially. Recurring levered free cash flow totaled €613 million, also ahead of the €571 million consensus, supported by stronger EBITDA, lower lease, interest and tax payments, and a slightly better-than-expected working capital inflow. This lifted free cash flow to €164 million, €39 million above the €125 million consensus. Looking ahead, Cellnex guided for 2026 revenue of €4.08 billion to €4.18 billion, compared with Visible Alpha consensus of €4.16 billion. The company expects adjusted EBITDA of €3.43 billion to €3.53 billion versus consensus of €3.48 billion, RLFCF of €1.90 billion to €2.00 billion against €1.95 billion consensus, and free cash flow of €600 million to €700 million versus €652 million expected. For 2027, the group targets revenue of €4.26 billion to €4.46 billion, compared with the consensus estimate of €4.35 billion, and adjusted EBITDA of €3.61 billion to €3.8...
