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Millicom Growth Accelerated in Q2

Nachrichtenquelle: PR Newswire (engl.)
20.07.2018, 00:02  |  426   |   |   

LUXEMBOURG, July 19, 2018 /PRNewswire/ --  

Q2 2018 highlights (i)

  • Latam service revenue growth accelerated to 5.5% from 3.9% in Q1
    • Now expect growth near the top end of our full year 2018 outlook range of 2-4%
    • Mobile recovery continues, with growth of 2.1%, up from 0.9% in Q1
    • Home revenue growth accelerated to 12.6% from 7.6% in Q1
  • Colombia revenue growth accelerated to 5.8% from 2.2% in Q1
  • Record H1 HFC homes connected – raising full year 2018 guidance to 400k from 300k net additions
  • Latam EBITDA growth of 4.4%, up from 1.4% in Q1
  • Robust cash flow growth with equity free cash flow up 32.6% in Q2 and 15.7% in H1
  • Preparing for an additional listing on a U.S. Stock Exchange next year

Group ($m)

Q2 2018

Q2 2017

% change

H1 2018

H1 2017

% change 

Revenue

1,541

1,470

4.8%

3,057

2,929

4.4%

Service Revenue

1,437

1,376

4.4%

2,859

2,751

3.9%

     Organic growth (1)

5.3%

(1.4)%


4.5%

(1.6%)


EBITDA

551

524

5.2%

1,105

1,066

3.7%

     Organic growth

4.6%

(1.1%)


3.0%

(0.9%)


EBITDA Margin

35.8%

35.7%


36.2%

36.4%


Capex (2)

217

230

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