Integrated Annual Report
Consolidated Management Report
Consolidated Financial Statements

00 Summary of the year

Extract form the interview with the Chairman, Franco Bernabè, and the CEO, Tobias Martinez

Main figures

Key indicators

View of 2019

Value creation

Management model




01 Interview with the president and CEO

2019, a quantum leap into a new dimension

Certainly, this last year has been a transformational one that marked a quantum leap in terms of size as well as a qualitative leap in consolidating the group's position in key markets like Italy, France, Switzerland, the United Kingdom and also in Spain.

Another prominent headline is the trust that Cellnex's shareholders continue to place in our project, evidenced by their high degree of participation in and support for the two capital increases in March and October.

Thirdly, is thethe way in which the management team has pushed forward with an ambitious growth strategy without losing focus of the organic growth that underlies the sustainability of the project in the medium and the long term.



02 Cellnex in 2019: milestones, key figures, business model & prospects

Nodos DAS
PoPs - Total
PoPs - Crecimiento orgánico

03 Governance model

Renewal of part of the Board of Directors, with Franco Bernabé as Chairman, which will strengthen the composition of the Board, ensuring a compact, experienced and strategy-oriented Board of Directors, composed of four proprietary directors and seven independent directors, in addition to the Managing Director.

Information Security Management System: Globally implemented and certified according to ISO-27001.

CSR Master Plan: 86% of the lines of action achieved.



04 Sustainable management of the value chain

Project "Corporate Culture. Growing together"

New Equity, Diversity and Inclusion Plan approved.

+ More than 54,000 hours of training

CDP, Supplier Engagement Leader 2019

New customer relationship model

Approved the Strategic Plan for Sustainability 2019-2023



05 Bases for the preparation of the Report

Structure, scope and content of the report

Material issues identified


Carbon footprint: scope & calculation methodology



06 Annexes

Other public documents


GRI content and Non-Financial information index

Non-Financial information KPI’s

Independent limited certification report and y Corporate carbon footprint certification

Annual Governance Report



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