Millicom International Cellular SA
TIGO
ISIN LU0038705702 / Valor 618663
Millicom International Cellular SA
UMushroom community rating:
About company
Millicom International Cellular SA, headquartered in Luxembourg with a U.S. corporate office in Miami, Florida, is a leading provider of fixed and mobile telecommunication services in Latin America. Listed on the NASDAQ stock exchange, the company employs approximately 19,300 people and serves around 50 million customers with mobile and fiber-cable services, boasting a fiber-cable footprint of close to 13 million homes passed. Founded in 1990, Millicom offers a wide range of digital services and products under its TIGO® and Tigo Business® brands, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security.
Summarized from source with an LLMView SourceSector: TelecommunicationsLatest Results (14.08.2024):
Revenue Growth
Millicom International Cellular SA reported a revenue of $1.46 billion for the second quarter of 2024, marking a 4.7% increase compared to the same period in 2023. This growth reflects the company's ongoing efforts to expand its market presence and enhance its service offerings.
Operating Profit Surge
In Q2 2024, Millicom International Cellular SA achieved an operating profit of $345 million, which represents a significant 74.1% increase from the previous year's second quarter. This substantial rise is attributed to improved operational efficiencies and cost management strategies.
EBITDA Improvement
Millicom International Cellular SA's EBITDA for the second quarter of 2024 was $634 million, up 23.1% from Q2 2023. The company's EBITDA margin in Colombia reached 39.5%, showcasing strong performance in one of its key markets.
Net Income Turnaround
For Q2 2024, Millicom International Cellular SA reported a net income of $78 million, or $0.46 per share. This is a notable turnaround from a net loss of $22 million in the same quarter of the previous year, highlighting the company's improved profitability.
Equity Free Cash Flow
Millicom International Cellular SA generated an equity free cash flow of $268 million in the second quarter of 2024. This positive cash flow is a result of the company's strategic initiatives aimed at enhancing cash generation and reducing leverage, which stood at 2.77x by the end of the quarter.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2461 M
Market cap (USD)
40,915
Daily traded volume (Shares)
24.36 / 24.15
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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P/E ratio
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EPS (USD)
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Ratings & reviews
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