Cellnex closes the year with losses of 15 million due to the impact of the ERE in Tradia and Retevisión
MadridUpdated:
Cellnex has closed 2018 with losses of 15 million euros, compared to the 26 million won in 2017, due to the economic impact of the ERE on its subsidiaries Tradia and Retevisión, which forced it to provision 55 million in the first quarter of the year, as reported in a statement to the CNMV.
In the relevant event sent to the stock market supervisor, the company highlighted that, for comparable purposes, that is, without taking into account these extraordinary, I would have earned 31 million euros, 19% more.
The growth experienced by the group made the financial costs will increase by 36% compared to the previous year and that the amortizations increased by 14.5% year-on-year, effects that also reflect the 2018 results, says Cellnex.
