EI Towers S.p. A reported consolidated earnings results for the first half year ended June 30, 2018. For the quarter, the company reported total revenues of EUR 135,516,000 against EUR 131,003,000 a year ago. Adjusted EBITDA was EUR 69,842,000 against EUR 66,440,000 a year ago. Gross operating margin (EBITDA) was EUR 68,512,000 against EUR 65,741,000 a year ago. Operating result (EBIT) was EUR 49,408,000 against EUR 46,270,000 a year ago. Pre-tax result (EBT) was EUR 48,011,000 against EUR 41,365,000 a year ago. Net income was EUR 34,074,000 against EUR 28,328,000 a year ago. Group's net income was EUR 34,106,000 against EUR 28,369,000 a year ago. Basic and diluted earnings per share were EUR 1.27 compared to EUR 1.03 a year ago. Investments in tangible assets were EUR 6,564,000 compared to EUR 5,792,000 a year ago. Investments in intangible assets were EUR 12,103,000 compared to EUR 2,588,000 a year ago. Core revenues amounted to EUR 135.4 million, with an increase of 3.4% compared to the same period of the previous year of EUR 130.9 million.

For the fiscal year 2018, Adjusted EBITDA is expected to be slightly higher than EUR 138 million and in line with the updated consensus.