Millicom International Cellular SA

TIGO SDB

Equity

ISIN SE0001174970 / Valor 1827427

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 268.60-0.15%

Millicom International Cellular SA
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About company

Millicom International Cellular SA, founded in 1990 and headquartered in Luxembourg with a significant operational presence in Miami, Florida, is a prominent telecommunications entity listed on the NASDAQ stock exchange. The company specializes in providing a comprehensive suite of fixed and mobile telecommunication services across Latin America. As of the first quarter of 2023, Millicom boasts a workforce of approximately 19,300 employees and serves around 50 million customers. The company's infrastructure includes an extensive fiber-cable network, reaching close to 13 million homes. Millicom operates under the TIGO® and Tigo Business® brands, offering a diverse range of digital services and products. These encompass mobile financial services through TIGO Money, local entertainment via TIGO Sports, pay TV through TIGO ONEtv, alongside high-speed data, voice communication, and business-to-business solutions, including cloud services and security. This broad spectrum of offerings positions Millicom as a key player in the telecommunications sector within the Latin American market.

Summarized from source with an LLMView SourceSector: Telecommunications

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 by 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 Source

Key figures

48.4%1Y

8.22%3Y

-40.8%5Y

Performance

25.8%1Y

37.6%3Y

38.5%5Y

Volatility