Düsseldorf (dpa / lnw) – The radio tower company Vantage Towers sees itself on the way to its annual goals after a good first quarter. Sales for the three months up to the end of June without so-called pass-through income rose by almost seven percent year-on-year to EUR 262 million, as the Vodafone subsidiary announced on Thursday in Düsseldorf.
Pass-through revenue offsets Vantage Towers’ investments in upgrading their sites. Because tenants ultimately settle their investment costs and no new sales are generated, the company excludes the amounts from its group revenue. A net of 340 new leases were added.
In the fiscal year running until the end of March, CEO Vivek Badrinath is sticking to the goals. Sales excluding transmission income are expected to increase by three to five percent from the previous year’s figure of around one billion euros. The MDax company wants to increase earnings before interest, taxes, depreciation and amortization including leasing costs (Ebitda AL), adjusted for special effects, to between 550 and 570 million euros.
