EI Towers announced earnings results for the third quarter and nine months of 2017. For the quarter, the company's revenue was EUR 65.8 million. EBITDA on an adjusted basis was EUR 33.9 million. EBIT was EUR 24 million. Net income was EUR 14.7 million.

For the nine months, the company's revenues were at EUR 196.7 million, that means increase of 5.4% over the previous year. Adjusted EBITDA was at EUR 100.4 million, 8.7% increase and 51% margin. Net income was EUR 43.5 million, increase of 25.3%. Net debt close to EUR 298 million that reflect the new financial structure. Revenues that now represent less than 79% of total revenues, a performance that is by far in excess of CPI, 3.4% increase. This is only partly due to the Cairo agreement [indiscernible], only slightly more than else of the increase is attributable to the Cairo [indiscernible], but also this increase is also due to a very good performance coming from the broadcast service activity. The EBITDA on adjusted basis exceeded EUR 100 million, EUR 100.4 million. The increase in terms of reported EBITDA and operating profit was higher due to the fact that the company accounted one-off for just EUR 0.9 million in the nine months compared to EUR 2.9 million next year, In terms of EBIT, the company had an increase of 21%; in absolute terms, EUR 70.9 million. EPS was EUR 1.59. CapEx was EUR 4.7 million.

The company provided earnings guidance for the full year 2017. The company confirmed that the EBITDA target, the guidance, is in the region of EUR 130 million with respect to the adjusted EBITDA.