Airtel Africa confirms London as preferred listing venue for Airtel Money IPO
Airtel Africa confirms London as preferred listing venue for Airtel Money IPO
Overview
Africa telecom and mobile money firm's Q1 revenue rose 31% yr/yr to $1.85 bln
Basic EPS for Q1 rose 27% to 4.4 cents; EPS before exceptionals up 57%
Company repurchased 10.2 mln shares for $46.6 mln under buyback programme
Outlook
Company expects higher energy costs to increase inflationary pressures and weigh on EBITDA margins near term
Airtel Africa says accelerated investment programme remains on track to capture growth opportunities
Company confirms London as preferred listing venue for Airtel Money IPO in 2026
Result Drivers
CUSTOMER BASE EXPANSION - Co said total customer base grew 11.6% to 189 mln, with data customers up 15.5%, supporting revenue growth
DATA AND SMARTPHONE ADOPTION - Higher smartphone penetration and increased data usage drove 27.2% constant currency growth in data revenue and 10.3% growth in data ARPU
MOBILE MONEY GROWTH - Mobile money revenue rose 25.8% in constant currency, driven by 23.3% customer growth and higher transaction values
Company press release: ID:nRSW4850Na
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $1.85 bln | $1.66 bln (1 Analyst) |
Q1 Adjusted EBITDA | Beat | $928 mln | $796.17 mln (1 Analyst) |
Q1 Operating profit |
| $627 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "hold."
Wall Street's median 12-month price target for Airtel Africa PLC is GBp344.50, about 1.3% below its July 22 closing price of GBp349.00
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)