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Millicom Q3 revenues up 11% on new acquisitions, cuts FY outlook

2019-10-24 09:41:00| Telecompaper Headlines

(Telecompaper) In its main market of Latin America, the company increased revenues 9.7 percent to USD 1.50 billion, including its joint ventures in Guatemala and Honduras. Organic service revenues grew 1.0 percent to USD 1.38 billion and EBITDA rose 0.7 percent on an organic basis to USD 620 million, excluding the impact of IFRS 16, while the EBITDA margin improved by 3 percentage points year-on-year to 41.4 percent. By country, organic service revenue growth was strongest in Costa Rica (+4.6%) and Guatemala (+3.2%), while growth lagged in El Salvador (-4.9%) and Panama (-2.9%) during the quarter.

Tags: outlook cuts revenues acquisitions

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