Vodafone towers unit expects higher core earnings ahead of listing

Vodafone's European towers unit, which is currently gearing up for a stock market listing, on Tuesday said its expects adjusted core earnings of up to 540 million euros ($640 million) next year.

Consolidated earnings before interest, tax, depreciation and amortisation, adjusted for special factors (EBITDAal), are expected to come in at 530-540 million euros in 2021. In 2020, adjusted EBITDal was 523 million euros.

Vodafone in July said that the listing of Vantage Towers would take place in early 2021 in Frankfurt.