Airtel Africa H1 revenue rises on strong growth across regions and segments
Airtel Africa H1 revenue rises on strong growth across regions and segments
Overview
Pan-Africa telecom and mobile money firm's H1 revenue rose 28% yr/yr
Adjusted EBITDA for H1 rose 33% yr/yr, margin reached record 50.3%
Company completed IPO of Airtel Money on London Stock Exchange
Outlook
Company did not provide specific financial guidance or outlook for the current or future periods in its press release
Company says margin performance will depend on macroeconomic environment and fuel costs
Company expects mobile money and mobile services to drive shared growth opportunities
Result Drivers
CUSTOMER GROWTH - Co said revenue growth was driven by increases in total, data and mobile money customers
SMARTPHONE PENETRATION - Co said higher smartphone penetration and increased data usage per customer boosted data revenue and ARPU
NETWORK INVESTMENT - Co said increased capex and network expansion supported customer growth and service quality
Company press release: ID:nRSd0800Ba
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| $3.82 bln |
|
H1Underlying EBITDA |
| $1.92 bln |
|
H1 Underlying EBITDA Margin |
| 50.30% |
|
H1 Operating profit |
| $1.29 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Airtel Africa PLC is GBp362.84, about 32.3% above its October 29 closing price of GBp274.20
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 16 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.)