Cellnex adopting IFRS 16 early, reporting strong growth
Cellnex reports a 20% growth in EBITDA
Cellnex have published their results for the first half of 2018, and are reporting continued growth, as well as a new acquisition to add to their 5G arsenal. Notably, they have also chosen to apply the IFRS16 standard six months early, before the deadline in January 2019. TowerXchange takes a look at this change in reporting, what it means for towercos, and reviews some of the other information to come out of the results.
Will IFRS16 change anything?
Presenting the results for H118, Cellnex chose to apply the IFRS16 standard early, rather than wait until mandatory application in January 2019.