Im Jahre 2002 noch 1 USD wert, jetzt bei 108 !
Hier die News und ein kleines Résumé:
Millicom International Cellular S.A. Announces Results for the Quarter and Nine Months Ended September 30, 2007
13:45 23.10.07
STOCKHOLM, Sweden & NEW YORK--(BUSINESS WIRE)--Regulatory News:
Millicom International Cellular S.A. (NASDAQ:MICC) (STO:MIC), the global
telecommunications company, today announces results for the quarter and
nine months ended September 30, 2007.
77% increase in revenues for Q3 to $686m (Q3 06: $388m)*
60% increase in EBITDA for Q3 to $296m (Q3 06: $186m)*
Subscriber increase for Q3 of 77%, bringing total subscribers to 20m*
Profit before taxes from continuing operations for Q3 of $169m (Q3 06:
$102m)*
Net profit for Q3 of $138m (Q3 06: $52m)
Basic earnings per common share for Q3 of $1.36 (Q3 06: $0.52)
80% increase in revenues for the nine months to Sep 07 to $1,862m (YTD
06: $1,032m)*
65% increase in EBITDA for the nine months to Sep 07 to $807m (YTD 06:
$488m)*
Profit before taxes from continuing operations for the nine months to
Sep 07 of $432m (YTD 06: $253m)*
Net profit for the nine months to Sep 07 of $584m (YTD 06: $119m)**
Basic earnings per common share for the nine months to Sep 07 of $5.79
(YTD 06: $1.19)**
* Excludes discontinued operations ** Includes gain on sale of Paktel
Limited of $258 million
Chief Executive Officers Review Marc Beuls,
Chief Executive Officer, comments: Millicom
continues to deliver excellent growth with a 77% increase in revenues
year on year on the back of an acceleration of capex during the quarter
to $347 million. This higher level of investment is reflected in the
addition of 2 million customers during the quarter bringing the total to
20 million. Millicom is today increasing its capex forecast for the full
year 2007 from $800m to over $1 billion as we continue to invest in
future growth. We are expecting a similar level of capex for 2008.
The most encouraging aspect of these results
has been in Africa where we have taken the opportunity to increase the
pace of our build-out through a substantial increase in capex. This
steadily increasing level of investment is driving the rate of
subscriber acquisition in Africa which was up 44% year on year, up an
impressive 17% quarter on quarter and delivering year on year revenue
growth for the quarter of 52%. In order to exploit the growth
opportunity in our African markets we have accepted a somewhat lower
margin of 28% in the third quarter, but we still believe that margins
will move back to historical levels whilst we continue to invest as we
build critical scale. In our two newest African markets, Chad and DRC,
revenues were up by 117% and 150% respectively and, encouragingly, in
our two largest African markets, Ghana and Tanzania, year on year
revenue growth in Q3 of 43% and 51% respectively, showed the positive
impact of the price cuts in Q2. Also in Senegal, growth in revenues of
38% demonstrated that the one-off issues from Q2 are behind us. We
continue to be excited by the prospects in Africa but reiterate our view
that the lack of infrastructure will continue to be a challenge and this
will mean higher levels of operating expenditure than in our other
markets for the time being.
In Central America subscribers grew by 74%
year on year showing the continued momentum in these three markets with
revenues and EBITDA increasing by 45% following the move to per-second
billing in the first quarter. ARPU in Central America was stable at $20
which is above the Latin American average ARPU of $17, as reported by
Research and Markets. tigo has higher than average ARPU for a number of
reasons but most importantly it is because we have a high proportion of
the best customers in our markets. It is for this reason that we will
start to roll out 3G services in 2008 to offer these high-end customers
mobile data services on our existing licenses and frequencies. In order
to make spectrum available for this 3G launch, we are churning off the
residue of our TDMA and CDMA customers in all three countries, and
expect to report no older technology subscribers by the end of the year
in this region. EBITDA margins increased slightly across Central America
to 54%, having been 53% in the previous quarter, reflecting the fact
that tigo has a strong market share in all three markets which gives us
a larger percentage of on-net calls and so helps to sustain our margins.
South Americas
high revenue growth of 245% for the third quarter has been driven by the
acquisition of our new Colombian business in 2006 but excluding
Colombia, the underlying revenue growth for the region was still 53%, a
very good performance. Both Paraguay and Bolivia have benefited from
per-second billing and a growing level of recurring revenue from
value-added services. In Colombia, tigo grew revenues by 12% quarter on
quarter as we concentrated on growing our market share with a focus on
building out our distribution networks. We were able to maintain our
EBITDA margin at 25% for this quarter even with the substantial
quarter-on-quarter revenue growth. tigo is gathering momentum in
Colombia with 211 thousand net adds in the quarter as it continues to
grow its market share. Official figures issued by the regulator show
that tigos subscribers grew by 11% quarter
on quarter whereas the market grew by 3%. Today tigo has a good network,
a competitive number of distribution outlets and the ability to offer
more competitive services going forward.
Our Asian cluster produced a solid
performance with revenues up by 30% and EBITDA up by 41% with margins of
43% which is the same as our current Group average. In particular, we
have seen the benefit of substantial investment in the network in Sri
Lanka with a 54% growth in revenues over the year.
Overall, we see opportunities in all our
markets to continue investing aggressively in order to increase our
market share and to exploit the general growth in the market as
penetration rates continue to rise across our markets. In Latin America
our markets are still growing strongly even though penetration rates
today are over 50% in four of our six markets. In certain markets in
South America other than our own, penetration rates are now approaching
90% and so the prospects for penetration growth in our markets remain
good. In Africa and Asia penetration is only just starting to move into
this exciting high growth phase.
We have improved our balance sheet structure
by buying US$45m of our 10% Senior Notes due on December 1, 2013 whilst
we continue to raise the debt at the operating company level. We took
advantage of the turbulence in the debt markets to buy the bonds at a
discount to the net present value of the price at which the bonds can be
called in December 2008.
Millicom has the opportunity to exploit its
current position as we are in sixteen exciting high growth markets
worldwide and we have the ability to fund this growth by way of our
strong cash flow. In addition, our low leverage enables us to look at
other exciting opportunities to generate shareholder value. We expect
2007 to be another record year for the Group.
Hier die News und ein kleines Résumé:
Millicom International Cellular S.A. Announces Results for the Quarter and Nine Months Ended September 30, 2007
13:45 23.10.07
STOCKHOLM, Sweden & NEW YORK--(BUSINESS WIRE)--Regulatory News:
Millicom International Cellular S.A. (NASDAQ:MICC) (STO:MIC), the global
telecommunications company, today announces results for the quarter and
nine months ended September 30, 2007.
77% increase in revenues for Q3 to $686m (Q3 06: $388m)*
60% increase in EBITDA for Q3 to $296m (Q3 06: $186m)*
Subscriber increase for Q3 of 77%, bringing total subscribers to 20m*
Profit before taxes from continuing operations for Q3 of $169m (Q3 06:
$102m)*
Net profit for Q3 of $138m (Q3 06: $52m)
Basic earnings per common share for Q3 of $1.36 (Q3 06: $0.52)
80% increase in revenues for the nine months to Sep 07 to $1,862m (YTD
06: $1,032m)*
65% increase in EBITDA for the nine months to Sep 07 to $807m (YTD 06:
$488m)*
Profit before taxes from continuing operations for the nine months to
Sep 07 of $432m (YTD 06: $253m)*
Net profit for the nine months to Sep 07 of $584m (YTD 06: $119m)**
Basic earnings per common share for the nine months to Sep 07 of $5.79
(YTD 06: $1.19)**
* Excludes discontinued operations ** Includes gain on sale of Paktel
Limited of $258 million
Chief Executive Officers Review Marc Beuls,
Chief Executive Officer, comments: Millicom
continues to deliver excellent growth with a 77% increase in revenues
year on year on the back of an acceleration of capex during the quarter
to $347 million. This higher level of investment is reflected in the
addition of 2 million customers during the quarter bringing the total to
20 million. Millicom is today increasing its capex forecast for the full
year 2007 from $800m to over $1 billion as we continue to invest in
future growth. We are expecting a similar level of capex for 2008.
The most encouraging aspect of these results
has been in Africa where we have taken the opportunity to increase the
pace of our build-out through a substantial increase in capex. This
steadily increasing level of investment is driving the rate of
subscriber acquisition in Africa which was up 44% year on year, up an
impressive 17% quarter on quarter and delivering year on year revenue
growth for the quarter of 52%. In order to exploit the growth
opportunity in our African markets we have accepted a somewhat lower
margin of 28% in the third quarter, but we still believe that margins
will move back to historical levels whilst we continue to invest as we
build critical scale. In our two newest African markets, Chad and DRC,
revenues were up by 117% and 150% respectively and, encouragingly, in
our two largest African markets, Ghana and Tanzania, year on year
revenue growth in Q3 of 43% and 51% respectively, showed the positive
impact of the price cuts in Q2. Also in Senegal, growth in revenues of
38% demonstrated that the one-off issues from Q2 are behind us. We
continue to be excited by the prospects in Africa but reiterate our view
that the lack of infrastructure will continue to be a challenge and this
will mean higher levels of operating expenditure than in our other
markets for the time being.
In Central America subscribers grew by 74%
year on year showing the continued momentum in these three markets with
revenues and EBITDA increasing by 45% following the move to per-second
billing in the first quarter. ARPU in Central America was stable at $20
which is above the Latin American average ARPU of $17, as reported by
Research and Markets. tigo has higher than average ARPU for a number of
reasons but most importantly it is because we have a high proportion of
the best customers in our markets. It is for this reason that we will
start to roll out 3G services in 2008 to offer these high-end customers
mobile data services on our existing licenses and frequencies. In order
to make spectrum available for this 3G launch, we are churning off the
residue of our TDMA and CDMA customers in all three countries, and
expect to report no older technology subscribers by the end of the year
in this region. EBITDA margins increased slightly across Central America
to 54%, having been 53% in the previous quarter, reflecting the fact
that tigo has a strong market share in all three markets which gives us
a larger percentage of on-net calls and so helps to sustain our margins.
South Americas
high revenue growth of 245% for the third quarter has been driven by the
acquisition of our new Colombian business in 2006 but excluding
Colombia, the underlying revenue growth for the region was still 53%, a
very good performance. Both Paraguay and Bolivia have benefited from
per-second billing and a growing level of recurring revenue from
value-added services. In Colombia, tigo grew revenues by 12% quarter on
quarter as we concentrated on growing our market share with a focus on
building out our distribution networks. We were able to maintain our
EBITDA margin at 25% for this quarter even with the substantial
quarter-on-quarter revenue growth. tigo is gathering momentum in
Colombia with 211 thousand net adds in the quarter as it continues to
grow its market share. Official figures issued by the regulator show
that tigos subscribers grew by 11% quarter
on quarter whereas the market grew by 3%. Today tigo has a good network,
a competitive number of distribution outlets and the ability to offer
more competitive services going forward.
Our Asian cluster produced a solid
performance with revenues up by 30% and EBITDA up by 41% with margins of
43% which is the same as our current Group average. In particular, we
have seen the benefit of substantial investment in the network in Sri
Lanka with a 54% growth in revenues over the year.
Overall, we see opportunities in all our
markets to continue investing aggressively in order to increase our
market share and to exploit the general growth in the market as
penetration rates continue to rise across our markets. In Latin America
our markets are still growing strongly even though penetration rates
today are over 50% in four of our six markets. In certain markets in
South America other than our own, penetration rates are now approaching
90% and so the prospects for penetration growth in our markets remain
good. In Africa and Asia penetration is only just starting to move into
this exciting high growth phase.
We have improved our balance sheet structure
by buying US$45m of our 10% Senior Notes due on December 1, 2013 whilst
we continue to raise the debt at the operating company level. We took
advantage of the turbulence in the debt markets to buy the bonds at a
discount to the net present value of the price at which the bonds can be
called in December 2008.
Millicom has the opportunity to exploit its
current position as we are in sixteen exciting high growth markets
worldwide and we have the ability to fund this growth by way of our
strong cash flow. In addition, our low leverage enables us to look at
other exciting opportunities to generate shareholder value. We expect
2007 to be another record year for the Group.
