Vantage Towers AG: Vantage Towers sees continued momentum in Q1
with increasing tenancies and promising new partnerships; on track to meet FY22 guidance
Düsseldorf (pta005/22.07.2021/08:00) - * Sustained commercial momentum across our business:
* Delivered more than 200[1] new tenancies in Q1 FY22 resulting in a tenancy ratio of 1.41x (Q4 FY21: 1.40x), continuing the progress towards our medium-term target of >1.5x
* Developing commercial opportunities with new partners and customers across our footprint to drive the technological evolution of our services
* Group Revenue (ex. pass through) of Eur246m in Q1 FY22, implying a 2.1% year-on-year (YoY) growth compared to Q1 FY21 pro forma of Eur241m
* Vantage Towers entered the SDAX on 21 June 2021
* FY22 guidance unchanged: revenue Eur995-Eur1,010m, EBITDAaL margin broadly stable and recurring free cash flow (RFCF) of Eur390-Eur400m
| Performance summary |
Q1 FY22 (unaudited) |
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| Macro sites |
45.6k |
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| Tenancy ratio |
1.41x |
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| Group Revenue ex. pass through (Eurm) |
246 |
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| Revenue growth year-on-year (YoY) |
2.1% |
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| Please note: Q1 FY21 macro sites and tenancy ratio are not available. |
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| Vivek Badrinath, CEO of Vantage Towers AG, commented: |
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| "After an exciting first year launching our company, activity in FY22 has continued at pace. In the first quarter, we were able to further advance the commercialisation of our business by signing promising new partnerships, which will bring us new tenancies. We recorded revenues (ex pass through) of Eur246m in Q1 FY22 and continue to remain on track to deliver our guidance and our medium-term targets." |
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For more information, please contact:
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