Millicom tempers FY outlook after drop in Q2 profits

Wednesday 17 July 2013 | 09:45 CET | News
Africa and Latin America operator Millicom slightly lowered its full-year outlook, after reporting a drop in profits in the second quarter. EBITDA fell to USD 463 million in the three months to June from USD 513 million a year earlier, hurt by a provision for a VAT case, regulatory pressure and higher spending to grow sales. For 2013, Millicom now expects its EBITDA margin to be around 40 percent, down from an earlier outlook of over 40 percent. In Q2 the figure was 36.8 percent. Revenues for the past quarter were up 6.5 percent to USD 1.258 billion. The mobile activities showed 2 percent

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Millicom
Countries: Africa / Latin America
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Tigo invests USD 2 million per week in El Salvador

Published 17 Mar 2014 22:26 CET | El Salvador
Millicom CEO Hans-Holger Albrecht said that its mobile unit Tigo has invested USD 2 million per week in El Salvador since 2012, ...

Millicom appoints Behnke as head of Foundation

Published 25 Oct 2013 08:08 CET | World
Latin America and Africa operator Millicom has appointed Till Behnke as the proposed head of the Millicom Foundation. Behnke is ...

Millicom maintains FY outlook, Q3 sales up 7.6%

Published 21 Oct 2013 09:25 CET | Africa
Latin America and Africa operator Millicom reported third-quarter revenues up 7.6 percent to USD 1.29 billion, while EBITDA fell ...

Millicom CFO to step down on 31 August

Published 27 Aug 2013 05:50 CET | World
Global telecommunications company Millicom's chief financial officer François-Xavier Roger will step down from his role effective ...

Millicom issues USD 500 mln bond

Published 20 May 2013 08:40 CET | World
Millicom has completed the issuance of a 7-year USD 500 million bond with a fixed coupon of 4.75 percent. The issuance was done ...

Millicom Q1 sales up on growth in mobile data, money service

Published 17 Apr 2013 09:19 CET | Latin America
Millicom reported first-quarter revenues up 4.9 percent from a year earlier to USD 1.25 billion. On a like-for-like basis ...

Millicom revamps board of directors

Published 17 Apr 2013 09:00 CET | Latin America
Millicom International Cellular has announced board changes that will be proposed to its AGM on 28 May. The Nomination Committee ...

Millicom targets annual revenues of USD 9 billion in 5 yrs

Published 06 Mar 2013 11:25 CET | Latin America
Millicom has disclosed its strategy to grow revenues over five years to over USD 9 billion annually. Millicom plans to focus on ...

Millicom appoints strategy, communication executives

Published 27 Feb 2013 09:00 CET | Latin America
Millicom has appointed two senior executives to new roles leading its strategy and corporate communication functions. Martin ...

Calendar   /   Industry Events

10 May Ceva Q1 2021
10 May Weibo Q1 2021
10 May Boingo Wireless Q1 2021
10 May Synchronoss Q1
10 May NortonLifeLock fiscal Q4, investors day
10 May 8x8 fiscal Q4 results
11 May Magyar Telekom Q1 2021
11 May Radcom Q1 2021
11 May Vizio Q1 2021
11 May Sonim Q1 2021
11 May Telefonica Brasil Q1 2021
11 May Allot Q1 2021
11 May Softbank FY results
11 May United Internet Q1 2021
11 May Lattice Semiconductor investor day
11 May Small Cells World Summit
12 May Airtel Africa Q1 2021
12 May Mediaset Q1 2021
12 May NEC FY results
12 May Telefonica Deutschland Q1 2021
12 May Deutsche Telekom Q1 2021
12 May Bredband2 Q1 2021
12 May Syn Q1 results 2021
12 May OTE Q1 2021
12 May Lumentum fiscal Q3
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Poly fiscal Q4
13 May Alibaba Group Q1
13 May DZS investors day
::: More Calendar Items