Millicom (Tigo) Q1 2024 Earnings Release [Yahoo! Finance]
Millicom International Cellular S.A. (TIGO)
Last millicom international cellular s.a. earnings: 5/1 04:01 pm
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Source: Yahoo! Finance
Please find below links to the Q1 2024 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Highlights* Revenue grew 8.6% driven by Service revenue up 8.8%, due to stronger currencies and organic growth of 3.8%, up from 3.2% in Q4 attributable to large B2B contracts in Panama and a return to positive growth in Guatemala. Operating profit increased 70.6%, reflecting the revenue increase and a 3.4% decline in operating expenses, while EBITDA grew 24.5% (20.0% organically) despite $30 million of restructuring costs incurred in the period. Colombia EBITDA rose 50.3% (24.2% organically) with a record EBITDA margin of 36.5% despite an $18 million restructuring charge. Excluding this one-off, Colombia's EBITDA margin was 41.4%. Operating cash flow rose 53.0% organically to $519 million, reflecting both the robust EBITDA growth and a 38.9% reduction in capex due mostly to slower phasing of investments in 2024 compared to 2023. Net income of $92 million
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TIGO
News
- Millicom (Tigo) share repurchase activity GlobeNewswire
- Millicom International Cellular S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- Millicom (Tigo) share repurchase activityGlobeNewswire
- Millicom International Cellular S.A. (NASDAQ:TIGO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Millicom International Cellular First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
TIGO
Sec Filings
- 5/8/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/23/24 - Form 6-K
- TIGO's page on the SEC website