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Millicom International Cellular Sa (TIGO)
:TIGO
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.69Last Year’s EPS
-0.95Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 4.69%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
Millicom's Q3 performance was marked by strong customer growth and record equity free cash flow, supported by efficiency improvements and strategic transactions. However, challenges such as increased competition in Guatemala, currency headwinds, and high restructuring costs were notable. The overall sentiment is balanced, reflecting strong operational achievements tempered by market and operational challenges.Company Guidance
During the third quarter 2024 earnings call for TIGO, the guidance emphasized strong financial performance, highlighting a record equity free cash flow of $271 million, a significant increase from $100 million in the previous year. The company reported service revenue growth of 1.8% year-on-year, or 2.4% organically, with mobile business revenue up by 4.2%. EBITDA rose by 9.8% to $585 million, despite $73 million in restructuring and one-off charges. The company achieved nearly 300,000 net additions in postpaid customers and around 70,000 in home services, marking their strongest customer acquisition since 2021. The restructuring efforts and efficiency programs led to a decrease in CapEx by approximately 25% year-to-date, contributing to a leverage reduction to 2.59x. Looking forward, TIGO raised its equity free cash flow guidance for 2024 to around $650 million, expecting ongoing digitalization and strategic transactions to boost future growth.Record Equity Free Cash Flow
Millicom generated a record equity free cash flow of $271 million in Q3, an increase from $100 million in the same quarter last year.
Strong Customer Growth
Postpaid net additions were almost 300,000, and home net additions were almost 70,000, marking the strongest net adds since 2021.
Service Revenue Growth
Mobile service revenue grew 4% and B2B service revenue grew 5% organically, with digital solutions growing 27% in Q3.
Efficiency Improvements
The efficiency programs have led to improved EBITDA margins, with Guatemala reaching a record 55% EBITDA margin.
Guatemala Market Performance
Service revenue growth in Guatemala accelerated to 4% in Q3, with EBITDA of $220 million, a new record.
Landmark Tower Transaction
Millicom reached an agreement with SBA to unlock close to $1 billion in capital, with a build-to-suit agreement for up to 2,500 new towers.
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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 |
|---|---|---|---|
| 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% |
| Feb 27, 2024 | $15.08 | $16.69 | +10.68% |
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 Feb 06, 2025, TBA Not Confirmed.
What is Millicom International Cellular Sa (TIGO) earnings time?
Millicom International Cellular Sa (TIGO) earnings time is at Feb 06, 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 2024 (Q4) is 0.69.
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