#MonetizingData #BuildingCable

CEO Mauricio Ramos: "Millicom is a company with tremendous potential and our belief in the long-term future of this business has been reaffirmed as we begin to realise growth opportunities across our data and cable revenue streams. We need to navigate through the on-going sluggish macro-economic conditions. The external environment continues to be very difficult in several markets, which is exacerbating the decline of our legacy voice/SMS business. This left us with revenue weaker than expected; organic service revenue growth of 2.1% to $1,469 million was well below the rate we anticipated at the start of the year so we are revising downwards the revenue outlook for the remainder of the year. However, we are quickly adapting to this more challenging environment as we continue to drive profitability; the Adjusted EBITDA margin was up 1.4 percentage points on last year and now sits above our medium term target of 35%. Cash-flow generation was also robust and we now feel we can deliver the 2016 investment plan with lower capital expenditure than previously indicated." (See the Earnings Release)

Attachments  
Results Call Registration Press Release Download
Q2 2016 Webcast of Results Call Watch here
Q2 2016 Earnings Release w Unaudited Interim Condensed Consolidated Financial Results Download
Q2 2016 Financial & Operational Data Download
Q2 2016 Results Presentation Download
Q2 2016 Interview w CEO Mauricio Ramos (English) Watch here
Q2 2016 Interview w CEO Mauricio Ramos (Spanish) Watch here
Q2 2016 CEO results statement (Spanish) Download
Q2 2016 CEO results statement (French) Download
Q2 2016 Infographic (English) Download
Q2 2016 Infographic (Spanish) Download
Q2 2016 Infographic (French) Download

 

 

© Millicom Q2 2016 Results infographic