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Complete financial analysis of Millicom International Cellular S.A. (TIGO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Millicom International Cellular S.A., a leading company in the Telecommunications Services industry within the Communication Services sector.
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Millicom International Cellular S.A. (TIGO)
Industry: Telecommunications Services
Sector: Communication Services
Website: https://www.millicom.com
About Millicom International Cellular S.A.
Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. It also provides cable and other fixed services, including broadband, content, fixed voice, and pay-TV to residential consumers; and fixed, managed services, cloud and security solutions, and value-added services to small, medium, and large businesses, as well as governmental entities. As of December 31, 2021, the company served 44.9 million mobile customers; and 12.7 million cable homes. It markets its products and services under Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.66B | 5.62B | 4.62B | 4.17B | 4.34B | 4.08B | 4.13B | 4.37B | 6.73B | 6.39B | 5.16B | 4.81B | 4.53B | 3.92B | 3.37B | 3.41B | 2.63B | 1.58B | 1.08B | 921.47M | 647.10M | 605.19M | 644.57M | 570.84M | 552.40M | 447.90M | 347.40M | 215.60M | 131.40M | 81.40M | 61.30M |
| Cost of Revenue | 3.46B | 1.51B | 1.30B | 1.17B | 1.20B | 1.15B | 1.22B | 1.28B | 1.85B | 2.52B | 2.04B | 1.74B | 1.01B | 806.23M | 715.83M | 1.26B | 980.06M | 616.74M | 356.06M | 388.33M | 258.00M | 164.71M | 185.25M | 158.03M | 197.36M | 159.30M | 130.00M | 85.00M | 52.90M | 34.50M | 25.90M |
| Gross Profit | 2.20B | 4.12B | 3.32B | 3.00B | 3.14B | 2.93B | 2.92B | 3.10B | 4.88B | 3.86B | 3.12B | 3.08B | 3.52B | 3.11B | 2.66B | 2.16B | 1.65B | 959.36M | 727.61M | 533.13M | 389.10M | 440.48M | 459.32M | 412.81M | 355.04M | 288.60M | 217.40M | 130.60M | 78.50M | 46.90M | 35.40M |
| Gross Profit Ratio | 38.90% | 73.22% | 71.80% | 71.93% | 72.30% | 71.88% | 70.53% | 70.76% | 72.45% | 60.51% | 60.44% | 63.92% | 77.79% | 79.43% | 78.78% | 63.22% | 62.74% | 60.87% | 67.14% | 57.86% | 60.13% | 72.78% | 71.26% | 72.32% | 64.27% | 64.43% | 62.58% | 60.58% | 59.74% | 57.62% | 57.75% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 193.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 614.00M | 494.00M | 503.00M | 478.00M | 497.00M | 669.00M | 577.00M | 618.00M | 847.00M | 1.43B | 1.10B | 956.00M | 746.00M | 645.25M | 530.01M | 1.23B | 987.63M | 530.21M | 299.76M | 250.11M | 196.02M | 190.53M | 200.07M | 183.68M | 246.06M | 160.90M | 122.60M | 69.30M | 61.40M | 38.10M | 18.40M |
| Selling & Marketing | 536.00M | 570.00M | 495.00M | 396.00M | 402.00M | 404.00M | 469.00M | 528.00M | 833.00M | 1.28B | 1.08B | 914.00M | 817.00M | 737.69M | 647.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.43B | 1.06B | 998.00M | 874.00M | 899.00M | 1.07B | 1.05B | 1.15B | 1.68B | 2.71B | 2.18B | 1.87B | 1.56B | 1.38B | 1.18B | 1.23B | 987.63M | 530.21M | 299.76M | 250.11M | 196.02M | 190.53M | 200.07M | 183.68M | 246.06M | 160.90M | 122.60M | 69.30M | 61.40M | 38.10M | 18.40M |
| Other Expenses | 0.00 | 2.17B | 1.87B | 1.85B | 1.81B | 76.00M | 78.00M | -8.00M | -15.00M | 12.00M | -1.00M | 2.00M | -14.00M | -31.52M | 138.00K | -117.03M | 10.17M | 10.95M | -23.29M | -39.08M | 182.77M | -170.43M | -44.85M | 484.44M | 102.92M | 27.00M | 48.20M | -38.80M | -20.80M | 21.40M | 42.00M |
| Operating Expenses | 1.43B | 3.24B | 2.87B | 2.73B | 2.70B | 2.50B | 2.48B | 2.73B | 4.09B | 2.94B | 2.34B | 1.97B | 2.27B | 2.06B | 1.80B | 1.29B | 987.63M | 518.07M | 369.58M | 284.25M | 228.80M | 431.75M | 401.58M | 432.49M | 348.97M | 240.90M | 170.80M | 97.20M | 80.00M | 47.50M | 26.10M |
| Cost & Expenses | 4.84B | 4.74B | 4.17B | 3.90B | 3.91B | 3.65B | 3.70B | 4.01B | 5.94B | 5.46B | 4.38B | 3.71B | 3.27B | 2.86B | 2.51B | 2.55B | 1.97B | 1.13B | 725.64M | 672.58M | 486.80M | 596.46M | 586.83M | 590.53M | 546.33M | 400.20M | 300.80M | 182.20M | 132.90M | 82.00M | 52.00M |
| Interest Income | 28.00M | 18.00M | 23.00M | 13.00M | 20.00M | 21.00M | 16.00M | 22.00M | 22.00M | 22.00M | 23.00M | 14.00M | 15.00M | 1.07B | 11.57M | 32.28M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 711.00M | 558.00M | 476.00M | 542.00M | 505.00M | 326.00M | 316.00M | 394.00M | 442.00M | 426.00M | 276.00M | 220.00M | 187.00M | 214.81M | 173.48M | 135.93M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.34B | 1.34B | 1.11B | 1.21B | 1.10B | 802.00M | 841.00M | 876.00M | 1.32B | 1.16B | 875.00M | 811.00M | 739.00M | 676.99M | 611.44M | 515.91M | 354.94M | 257.76M | 218.59M | 170.99M | 128.57M | 139.32M | 154.19M | 143.33M | 102.92M | 80.00M | 48.20M | 27.90M | 18.60M | 9.40M | 7.70M |
| EBITDA | 2.11B | 2.17B | 2.16B | 1.38B | 1.73B | 1.27B | 1.31B | 1.25B | 2.22B | 2.10B | 1.37B | 1.95B | 2.00B | 2.73B | 1.48B | 1.33B | 1.02B | 699.05M | 416.66M | 419.88M | 288.87M | 148.05M | 211.93M | 123.64M | 108.99M | 127.70M | 94.80M | 61.30M | 17.10M | 8.80M | 17.00M |
| EBITDA Ratio | 37.22% | 39.81% | 38.70% | 38.07% | 37.29% | 32.52% | 33.29% | 31.50% | 32.97% | 34.00% | 32.35% | 39.63% | 44.08% | 70.87% | 43.92% | 40.53% | 38.69% | 44.35% | 53.21% | 45.57% | 44.64% | 24.46% | 32.88% | 27.08% | 19.73% | 28.51% | 27.29% | 28.43% | 13.01% | 10.81% | 27.73% |
| Operating Income | 826.00M | 915.00M | 659.00M | 446.00M | 575.00M | 655.00M | 629.00M | 482.00M | 791.00M | 924.00M | 781.00M | 1.10B | 1.26B | 1.04B | 851.02M | 867.28M | 662.93M | 441.29M | 202.17M | 248.88M | 160.30M | 8.73M | 57.74M | -50.62M | 6.07M | 47.70M | 46.60M | 33.40M | -1.50M | -600.00K | 9.30M |
| Operating Income Ratio | 14.59% | 16.27% | 14.27% | 10.69% | 13.26% | 16.07% | 15.22% | 11.02% | 11.75% | 14.47% | 15.14% | 22.93% | 27.75% | 26.57% | 25.23% | 25.42% | 25.20% | 28.00% | 18.66% | 27.01% | 24.77% | 1.44% | 8.96% | -8.87% | 1.10% | 10.65% | 13.41% | 15.49% | -1.14% | -0.74% | 15.17% |
| Total Other Income/Expenses | -651.00M | -677.00M | -61.00M | -655.00M | -357.00M | -521.00M | -460.00M | -381.00M | -874.00M | 2.11B | -171.00M | -184.00M | -186.00M | 796.21M | -159.44M | -147.21M | -123.48M | -87.29M | -104.17M | -101.55M | 85.59M | -241.70M | -187.58M | 428.71M | -13.59M | 27.00M | -108.53M | -38.80M | -20.80M | 21.40M | 41.20M |
| Income Before Tax | 175.00M | 238.00M | 732.00M | -271.00M | 218.00M | 129.00M | 155.00M | 71.00M | -153.00M | 3.04B | 387.00M | 897.00M | 1.07B | 1.87B | 691.59M | 704.21M | 539.44M | 354.00M | 68.54M | 143.93M | 245.89M | -232.97M | -129.84M | 378.08M | -7.52M | 74.70M | -94.40M | -5.40M | -22.30M | 20.80M | 50.50M |
| Income Before Tax Ratio | 3.09% | 4.23% | 15.85% | -6.50% | 5.03% | 3.17% | 3.75% | 1.62% | -2.27% | 47.54% | 7.50% | 18.63% | 23.64% | 47.71% | 20.51% | 20.64% | 20.51% | 22.46% | 6.32% | 15.62% | 38.00% | -38.50% | -20.14% | 66.23% | -1.36% | 16.68% | -27.17% | -2.50% | -16.97% | 25.55% | 82.38% |
| Income Tax Expense | 424.00M | 222.00M | 189.00M | 102.00M | 120.00M | 116.00M | 158.00M | 180.00M | 291.00M | 256.00M | 182.00M | 393.00M | -19.00M | 227.10M | 188.00M | 277.37M | 87.08M | 118.21M | 65.30M | 58.90M | 52.37M | 22.73M | 8.22M | 26.26M | 18.57M | 20.50M | 16.60M | 12.70M | 7.60M | 10.40M | 17.60M |
| Net Income | -82.00M | 16.00M | 590.00M | -373.00M | 98.00M | -10.00M | 85.00M | -32.00M | -559.00M | 2.64B | 229.00M | 508.00M | 925.00M | 1.65B | 850.79M | 291.37M | 697.14M | 168.95M | 10.04M | 68.24M | 178.82M | -278.20M | -138.05M | 355.39M | -26.09M | 54.20M | -111.00M | -18.10M | -29.90M | 10.40M | 32.70M |
| Net Income Ratio | -1.45% | 0.28% | 12.78% | -8.94% | 2.26% | -0.25% | 2.06% | -0.73% | -8.31% | 41.39% | 4.44% | 10.55% | 20.42% | 42.15% | 25.23% | 8.54% | 26.50% | 10.72% | 0.93% | 7.41% | 27.63% | -45.97% | -21.42% | 62.26% | -4.72% | 12.10% | -31.95% | -8.40% | -22.75% | 12.78% | 53.34% |
| EPS | -0.48 | 0.12 | 3.60 | -2.89 | 0.76 | -0.08 | 0.68 | -0.25 | -4.38 | 20.75 | 1.81 | 3.94 | 6.96 | 11.99 | 6.15 | 3.77 | 5.42 | 1.32 | 0.08 | 0.62 | 2.15 | -4.63 | -1.66 | 4.29 | -0.32 | 0.65 | -1.35 | -0.22 | -0.37 | 0.14 | 0.45 |
| EPS Diluted | -0.48 | 0.11 | 3.59 | -2.89 | 0.76 | -0.08 | 0.68 | -0.25 | -4.38 | 20.74 | 1.81 | 3.93 | 6.96 | 11.96 | 6.14 | 3.74 | 5.19 | 1.31 | 0.08 | 0.57 | 1.77 | -4.63 | -1.66 | 4.23 | -0.32 | 0.65 | -1.35 | -0.22 | -0.37 | 0.14 | 0.45 |
| Weighted Avg Shares Out | 171.40M | 139.05M | 163.77M | 128.87M | 128.83M | 128.39M | 127.87M | 127.81M | 127.56M | 127.35M | 127.12M | 129.07M | 132.47M | 137.85M | 138.29M | 137.40M | 128.76M | 114.50M | 130.90M | 106.24M | 83.19M | 60.06M | 83.11M | 82.91M | 82.61M | 82.91M | 82.02M | 80.90M | 80.60M | 76.80M | 72.12M |
| Weighted Avg Shares Out (Dil) | 171.40M | 139.69M | 164.47M | 128.87M | 128.83M | 128.39M | 127.87M | 127.81M | 127.57M | 127.40M | 127.19M | 129.19M | 132.47M | 138.07M | 138.57M | 138.39M | 137.63M | 115.19M | 130.90M | 114.97M | 102.54M | 60.06M | 83.11M | 84.06M | 82.61M | 82.91M | 82.02M | 80.90M | 80.60M | 76.80M | 72.12M |
Millicom (Tigo) intends to consolidate listing of shares on NASDAQ U.S. by delisting SDRs from Nasdaq Stockholm and resumes shareholder remuneration
Millicom (Tigo) intends to consolidate listing of shares on NASDAQ U.S. by delisting SDRs from Nasdaq Stockholm and resumes shareholder remuneration
Notification of transaction by a closely associated person of a Director of Millicom (Tigo)
Notification of transaction by a closely associated person of a Director of Millicom (Tigo) Luxembourg, November 13, 2024 – Millicom International Cellular S.A. ("Millicom") announces that, on November 7, 2024, Atlas Luxco S.
Millicom International Cellular S.A. (TIGO) Q3 2024 Earnings Call Transcript
Millicom International Cellular S.A. (NASDAQ:TIGO ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Marcelo Benitez - Chief Executive Officer Bart Vanhaeren - Chief Financial Officer Conference Call Participants Andreas Coello - Scotiabank Andreas Joelsson...
Notification of share transaction by Director of Millicom (Tigo) shares
Notification of share transaction by Director of Millicom (Tigo) shares Luxembourg, November 8, 2024 – Millicom International Cellular S.A. ("Millicom") announces that, on November 8, 2024, Tomas Eliasson, Director of Millicom, sold 17,269 Millicom Swedish Depository Receipts (SDRs) in the...
Millicom (Tigo) Q3 2024 Earnings Release
Millicom (Tigo) Q3 2024 Earnings Release Luxembourg, November 7, 2024 – Millicom is pleased to announce its third quarter 2024 results. Please find below links to the Q3 2024 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements.
Millicom: Excellent Outperformance On A Too Small Position
Millicom operates in politically volatile Latin American markets, leading to high volatility but significant growth potential, particularly in Guatemala, Panama, and Honduras. Despite geopolitical and debt risks, Millicom's 2Q24 results are strong, with EBITDA up 20%, leverage down, and positive...
Millicom (Tigo) notice of third quarter 2024 results and video conference
Millicom (Tigo) notice of third quarter 2024 results and video conference Luxembourg, October 24, 2024 – Millicom expects to announce its third quarter 2024 results on November 7, 2024, via a press release. Millicom is planning to host a video...
Millicom (Tigo) files standard form for notification of major holdings
Millicom (Tigo) files standard form for notification of major holdings Luxembourg, October 17, 2024 - Millicom International Cellular S.A. announced today the CSSF regulatory filing of the form: Standard forms for notification of major holdings ( attachment 1 , attachment...
Millicom (Tigo) files standard form for notification of major holdings
Millicom (Tigo) files standard form for notification of major holdings Luxembourg, October 15, 2024 - Millicom International Cellular S.A. announced today the CSSF regulatory filing of the form: Standard form for notification of major holdings (attachment).
Millicom (Tigo) announces changes to its Board of Directors
Millicom (Tigo) announces changes to its Board of Directors Luxembourg, September 24 , 2024 – Millicom (NASDAQ: TIGO) (the “Company”) announced today that Thomas Reynaud and Aude Durand have stepped down from their roles as members of the Millicom Board...
Source: https://incomestatements.info
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