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Key highlights (Q3 2019)

Financial highlights

  • Q3 2019 is the 19th consecutive quarter of Adjusted EBITDA growth.
  • Q3 2019 revenue increased by 11% year-on-year to US$97.3m (Q3 2018: US$88.1m).
  • Q3 2019 Adjusted EBITDA up 16% year-on-year to US$52.5m (Q3 2018: US$45.2m) with Q3 2019 Adjusted EBITDA margin at 54% (Q3 2018: 51%), up 3ppt. This is the 19th consecutive quarter of Adjusted EBITDA growth.
  • Q3 2019 operating profit increased by US$3.1m to US$0.1m (Q3 2018: US$(3.0)m).
  • Revenue for the 9 months to 30 September 2019 increased by 8% year-on-year to US$288.0m (30 Sep 2018: US$266.2m).
  • Adjusted EBITDA for the 9 months to 30 September 2019 increased by 16% to US$151.5m (30 Sep 2018: US$131.1m) with Adjusted EBITDA margin at 53% (30 Sep 2018: 49%), up 4ppts.
  • Operating profit for the 9 months to 30 September 2019 increased by US$17.8m to US$12.7m (30 Sep 2018: US$(5.1)m).

Read the Q3 Results 2019 in full here

Operational highlights

  • Increase in tenants of 9% year-on-year to 14,226 tenants (Q3 2018: 13,063 tenancies).
  • Increase in sites of 5% year-on-year to 6,903 total sites (Q3 2018: 6,560 total sites).
  • Tenancy ratio increased by 0.07x to 2.06x (Q3 2018: 1.99x).
  • On 18 October 2019 Helios Towers Plc was admitted to the premium segment of the Official List and trading on the Main Market of the London Stock Exchange (Ticker: HTWS.L).
  • The following new appointments were made to the Plc Board - Sir Samuel Jonah (Chairman), Magnus Mandersson (Senior Independent Director) and Alison Baker (Independent Non-Executive Director). A full list of Non-executive Directors appointed at the time of the Group’s IPO and their biographies can be found after Note 21 of the full announcement.

Read the Q3 Results 2019 in full here