Spain's Cellnex on Monday raised its 2020 guidance after completing several investments and reported an increase in first-half core earnings, but said it expected net losses in the coming quarters.
) on Monday raised its 2020 guidance after completing several investments and reported an increase in first-half core earnings, but said it expected net losses in the coming quarters.
On Monday, it increased its adjusted earnings before interest, taxes, depreciation and amortisation 2020 outlook to 1.16 billion-1.18 billion euros versus a previous estimate of 1.065 billion-1.085 billion euros. Cellnex had already swung to a net loss of 30 million euros following acquisitions in the first quarter.
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