Düsseldorf (pta/12.11.2021/21:25 UTC+1)
Disclosure of an inside information according to Article 17 MAR of the Regulation (EU) No 596/2014
Vantage Towers AG increases guidance for recurring free cash flow (RFCF) for the financial year ending 31 March 2022 (FY22)
The Board of Management of Vantage Towers AG ("Company") has concluded today to increase its guidance for recurring free cash flow (RFCF) for the financial year ending 31 March 2022 (FY22).
Vantage Towers AG now expects the full year RFCF guidance for the financial year ending 31 March 2022 to be in the range of 405 million to 415 million EUR. The previous RFCF guidance included a range from 390 million to 400 million EUR. The current consensus of RFCF is 395.8 million EUR as published and described by the Company at https://www.vantagetowers.com/en/investors/analyst-coverage. This stronger than anticipated performance is mainly driven by a combination of optimising both borrowing costs and cash tax expenses.
Vantage Towers AG expects to retain these benefits over the medium-term. The Company confirms its medium-term RFCF range at mid to high single digit compounded annual growth rate (CAGR).The remaining financial key performance metrics (KPIs) in the Company’s full-year guidance remain unchanged.
Vantage Towers AG will publish further details on the outlook and the earnings figures for the half-year of FY22 on 15 November 2021 at approximately 08:00 am CET.
RFCF is an alternative performance measure ("APM") and information on the use, definition and calculation of RFCF can be found on page 5 in the Q1 FY22 Trading Update at https://www.vantagetowers.com/sites/tower-co-v2/files/investor/results-report-and-presentation/2021/20210722-vantage-towers-q1-fy22-release-final.pdf.
This ad-hoc statement may contain forward-looking statements based on current assumptions and forecasts made by Vantage Towers AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Vantage Tower AG's public reports which are available at www.vantagetowers.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
Vantage Towers AG
|Contact Person:||Lie-Tin Wu|
|Phone:||+49 211 61712 307|
|Stock Exchange(s):||Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart, Tradegate|