EI Towers announced earnings results for the first half of 2018 and EBITDA results for the second quarter of 2018. For the period, revenues grew 3.4% year-on-year with the combination of organic growth and external growth. EBITDA grew even more, 5.1%, the positive differential between the revenues and costs, bringing profitability at the EBITDA margin in the region of 52%. The company had a sizable increase in core revenues, EUR 4.5 million in absolute terms with a clear positive performance across all segments of the business. Adjusted EBITDA was EUR 70 million. Net income increase of around 20% to EUR 34.1 million compared to the restated figure of EUR 28.4 million the first half of 2017. Net debt as of EUR 361 million, with a leverage of 2.6x on adjusted EBITDA. Tax rate for the trending around 29%. EPS is increase 23% or so due to the fact that the company has a different number of shares after the buyback program that the company completed last year. M&A CapEx, the company spent in the first half around EUR 38 million.

For the quarter, the company reported EBITDA was EUR 34.7 million compared to EUR 33.3 million in the second quarter of 2017.

For the full year 2018, the company expects EBITDA should be slightly above EUR 138 million. That's in fact in line with the updated consensus for the company.