NASDAQ$TIGO
Millicom International Cellular SA · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Millicom reported lower revenue in Q4 2024, but improved profitability and strong cash flow generation.
Millicom posted revenue of $1.43 billion in Q4 2024, a 3.2% year-over-year decline due to lower B2B sales in Panama. However, operating profit surged 63.4% to $373 million, driven by efficiency gains. Net income improved to $31 million from a $63 million loss in Q4 2023. Free cash flow jumped to $213 million, reflecting disciplined capital spending and lower spectrum payments.
- Revenue declined 3.2% year-over-year to $1.43 billion.
- Operating profit increased 63.4% to $373 million.
- Net income improved to $31 million from a $63 million loss in Q4 2023.
- Equity free cash flow surged to $236 million, supporting debt reduction efforts.
Headline financials
Revenue & EPS history
Millicom · Revenue · Quarterly
$1.43B
Forward guidance
Millicom expects stable revenue and improved profitability in 2025, with a focus on efficiency measures, debt reduction, and dividend payments.
Tailwinds
- Targeting $750 million in Equity Free Cash Flow for 2025.
- Continued debt reduction efforts, with leverage expected to remain below 2.5x.
- Strategic initiatives in Costa Rica and Colombia to drive revenue growth.
- Planned sale of non-core assets expected to strengthen balance sheet.
- Resumption of quarterly dividends with a $3.00 per share annual payout.
Headwinds
- Weak foreign exchange rates may impact revenue growth.
- Regulatory risks and potential legal challenges in key markets.
- Competitive pressures in mobile and fixed broadband segments.
- Macroeconomic uncertainty in Latin America could affect consumer spending.
- Higher financing costs due to elevated interest rate environment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-0.4%
Avg return
Earnings day
-0.8%
Avg return
5 days after
-0.5%
Avg return
30 days after
43%
9 / 21 earnings
Positive
+14.2%
Q2 2022
Best reaction
-11.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2024 | -2.5% | -6.5% | +8.4% | |
| Q1 2024 | +6.8% | +7.0% | +14.8% | |
| Q3 2023 | +4.7% | +7.3% | +18.2% | |
| Q2 2023 | -6.5% | -8.5% | -9.4% | |
| Q1 2023 | -6.3% | -9.1% | -5.9% | |
| Q4 2022 | +10.5% | +6.3% | -1.3% | |
| Q3 2022 | -3.1% | +2.1% | +24.6% | |
| Q2 2022 | +14.2% | +6.0% | +9.4% | |
| Q1 2022 | -7.5% | -3.1% | -25.4% | |
| Q4 2021 | -1.9% | +0.5% | -14.3% | |
| Q3 2021 | -3.5% | -2.6% | -12.4% | |
| Q2 2021 | -5.8% | -5.4% | -10.9% | |
| Q1 2021 | +2.8% | +9.7% | +17.2% | |
| Q4 2020 | +1.0% | +1.8% | +7.5% | |
| Q3 2020 | +2.5% | +5.5% | +40.4% | |
| Q2 2020 | +4.3% | +1.7% | +5.7% | |
| Q1 2020 | -11.5% | -14.8% | -14.5% | |
| Q4 2019 | +7.3% | +2.8% | -32.9% | |
| Q3 2019 | -8.9% | -9.5% | -9.0% | |
| Q2 2019 | -2.7% | -7.9% | -14.5% | |
| Q1 2019 | -1.4% | -0.8% | -5.7% |
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