Millicom’s Q2 & H1 2016 Results, 21 July 2016
Millicom International Cellular S.A.Key highlights of Q2 2016(i) · Revenue of $1.57 billion - organic service revenue up 2.1%(ii) · Reported service revenue 4.1% lower on currency · Adjusted EBITDA(iii) at $560 million - organic growth of 4.6% · Adjusted EBITDA margin at 35.6% - increased by 1.4 percentage points · Stronger cash generation - equity free cash flow of $107 million · Project Heat: transformation and efficiency plan targeting $200 million savings · Strong subscriber growth – 2 million new smartphones users in the quarter · Cable footprint