Millicom raises 2026 equity free cash flow guidance to around $1.1 billion

EarningsCorporate Action
โดย The Motley Fool·Read original
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Millicom International Cellular raised its full-year 2026 equity free cash flow guidance to around $1.1 billion, up from a previous target of at least $900 million, following a record second quarter. Service revenue reached $2 billion, representing 60.1% reported growth and 5.4% organic growth year over year, while adjusted EBITDA hit $1 billion for the first time in a single quarter. Equity free cash flow surged more than 50% to a record $327 million, driven by strong operating performance and favorable expense timing. The company also improved its year-end leverage target to below 2.5 times and announced an interim dividend of $1.50 per share, payable in two equal installments in January and April 2027. CEO Marcelo Benitez highlighted the success of the pre-to-postpaid migration strategy, which helped grow the postpaid base by 31% year over year, and noted that recent acquisitions are already equity free cash flow accretive within their first year.

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