Brief: Millicom Reports Qtrly Revenue Of $1.05 Bln Vs $1.00 Bln

Millicom International Cellular SA

18/07/2019 21:20

July 18 (Reuters) - Millicom International Cellular SA
 TIGOsdb.ST :
    * QTRLY  REVENUE $1,054MLN VERSUS $1,000 MILLION
    * QTRLY NET INCOME UP TO $46 MILLION DUE MOSTLY TO
REVALUATION
GAINS
    * SAYS WE ARE MAINTAINING OUR OUTLOOK FOR 2019
    * NOW EXPECT THAT PANAMA OCF FOR 2019 SHOULD SURPASS CO'S
INITIAL
EXPECTATIONS BY ABOUT 10%
    * CO PREPARED TO ADD MOBILE OPERATIONS TO ITS PANAMA
OPERATIONS
LATER THIS YEAR
    * MILLICOM INTERNATIONAL -ORGANIC EBITDA GROWTH MAY END YEAR
AROUND LOW END OF EXPECTED RANGE, AND YET ORGANIC OCF GROWTH MAY
END NEAR TOP END OF RANGE
    * QTRLY  EPS  $0.45
    * EQUITY FREE CASH FLOW WAS NEGATIVE $26 MILLION IN H1 2019
COMPARED TO $76 MILLION REPORTED IN H1 2018
    * MILLICOM INTERNATIONAL CELLULAR-  MONTHLY MOBILE ARPU
DECLINED
2.7% IN US DOLLAR TERMS AND 2.2% IN LOCAL CURRENCY TERMS FOR
LATAM SEGMENT IN QUARTER

Source text: http://bit.ly/2xRSAq5
Further company coverage:  TIGOsdb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))