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Millicom International Cellular SA (TIGO)
NASDAQ:TIGO
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.73Last Year’s EPS
0.87Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -2.98%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong overall performance for Millicom with record cash flow and significant margin improvements. However, challenges such as service revenue decline, competitive pressures, and currency impacts in certain markets were noted.Company Guidance
During the call, Millicom provided detailed financial guidance for 2025, emphasizing its strategic priorities and financial targets following a transformational 2024. Key metrics included a record equity-free cash flow of $728 million for 2024, excluding $49 million from tower monetizations, with a target of approximately $750 million for 2025. The company's leverage was successfully reduced to 2.4x by the end of 2024, with a commitment to maintain it below 2.5x throughout 2025. Revenue growth remained a focal point, with 2024 seeing a 4.6% increase in mobile service revenue and expectations for continued growth in 2025. The company also highlighted strategic initiatives, including the sale of Lati International and the acquisition of Telefonica's stake in Coltel. Additionally, Millicom reinstated shareholder remuneration, paying an interim dividend and executing a $150 million share buyback, reflecting confidence in sustaining and growing cash flow in the coming years.Record Equity-Free Cash Flow
Millicom achieved a record equity-free cash flow of $728 million for 2024, excluding tower sales, marking a significant financial turnaround.
OCF Margin Improvement
Operational Cash Flow (OCF) margin increased by 8 percentage points to almost 31%, setting a new record.
Leverage Reduction
The company's leverage was reduced to 2.42 times, achieving the target of being below 2.5 times.
Strong Performance in Guatemala
Guatemala reported a 10% increase in OCF to $692 million with an EBITDA margin of 54%.
Panama's Exceptional Year
Panama achieved close to 5% service revenue growth and an EBITDA margin reaching a record 50%.
Dividend and Share Buyback Program
The company resumed shareholder remuneration with a dividend of $1 per share paid in January and a $150 million share buyback program.
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Millicom International Cellular SA (TIGO) Earnings, Revenues Date & History
TIGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TIGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $27.86 | $27.15 | -2.55% |
| Nov 07, 2024 | $25.80 | $25.36 | -1.71% |
| Aug 02, 2024 | $23.63 | $24.90 | +5.37% |
| May 08, 2024 | $20.50 | $21.99 | +7.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Millicom International Cellular SA (TIGO) report earnings?
Millicom International Cellular SA (TIGO) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Millicom International Cellular SA (TIGO) earnings time?
Millicom International Cellular SA (TIGO) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TIGO EPS forecast?
TIGO EPS forecast for the fiscal quarter 2025 (Q1) is 0.73.
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