UK's Helios Towers shares surge on strong profit rise, buyback

Helios Towers

06/11/2025 09:12

** Shares of telecom infra group Helios Towers HTWS.L up 18% at more than four-year high of 183p

** Top gainer on FTSE mid-cap index .FTMC, which is up 0.08%

** Q3 core profit beats avg market expectations, supported by strong tenancy growth from mobile network operators (MNO)

** Initiates share buyback of up to $75 million, targets shareholder returns of more than $400 million up to 2030

** Forecasts FY25 core profit of about $470 million, above company-compiled analysts' consensus

** "We see no sign of a slowdown in HTWS end markets; on the contrary, we see MNO's accelerating coverage roll-out driving future growth" - Jefferies

** YTD, including session's gains, stock has risen 95.4% vs FTSE mid-cap index's 7.2% gain