Cellnex Telecom, S.A. (CLNXF) Q2 2025 Earnings Call Transcript


Cellnex Telecom, S.A. (OTCPK:CLNXF) Q2 2025 Earnings Conference Call August 1, 2025 5:00 AM ET

Company Participants

Marco Emilio Angelo Patuano – CEO & Executive Director
Maria Carrapato – Investor Relations Director
Raimon Trias – Group Chief Financial Officer

Conference Call Participants

Akhil Dattani – JPMorgan Chase & Co, Research Division
Andrew J. Lee – Goldman Sachs Group, Inc., Research Division
Fernando Cordero Barreira – Banco Santander, S.A., Research Division
James Edmund Ratzer – New Street Research LLP
Nicholas George Lyall – Joh. Berenberg, Gossler & Co. KG, Research Division
Ottavio Adorisio – Sanford C. Bernstein & Co., LLC., Research Division
Rohit Modi – Citigroup Inc., Research Division
Roshan Vijay Ranjit – Deutsche Bank AG, Research Division

Maria Carrapato

Hello. Good morning, everyone. Welcome to our first half 2025 results conference call. I’m Maria Carrapato, Head of Investor Relations. And I’d like to thank you for joining us today.

I have our CEO, Marco Patuano; and our CFO, Raimon Trias, on the call. We’ll go through a brief summary of our results, and then we’ll be open to take your questions after the presentation.

[Operator Instructions]. Okay, so without further ado, over to Marco.

Marco Emilio Angelo Patuano

Thank you. Thank you, Maria. Good morning, everyone, and thank you so much for your time. I’m delighted to start with the key highlights of the first half of the year, which continues to be marked by consistent execution with solid performance across all the key metrics, reflecting our commitment with our objectives.

As a reminder, the numbers we are reporting today are impacted by our change of perimeter due to the sale of our business in Ireland and Austria. There is no contribution from Austria for 2025 and Ireland only contributed for the first 2 months.

On a comparable pro forma



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