MILLICOM INTERNATIONAL CELLULAR S.A. ANNOUNCES RESULTS FOR THE QUARTER ENDED MARCH 31, 2003
MILLICOM INTERNATIONAL CELLULAR S.A. ANNOUNCES RESULTS FOR THE QUARTER ENDED MARCH 31, 2003 · EBITDA Margin of 50%* · 20% increase in EBITDA to $69.0m (Q1 02: $57.7m)* · 11% increase in revenue to $138.8m (Q1 02: $124.8m)* · 36% increase in quarterly EBITDA in Asia from Q1 2002* · 25% increase in quarterly revenue in Asia from Q1 2002* New York, London and Luxembourg - April 24, 2003 - Millicom International Cellular SA (Nasdaq Stock Market: MICC), the global telecommunications investor, today announces results for the quarter ended March 31, 2003. CONTACTS: Marc Beuls Telephone: +352 27 759 101 President and Chief Executive Officer Millicom International Cellular S.A., Luxembourg Jim Millstein Telephone: +1 212 632 6000 Lazard, New York Peter Warner Telephone: +44 20 7588 2721 Daniel Bordessa Cyrus Kapadia Lazard, London Andrew Best Telephone: +44 20 7321 5022 Investor Relations Shared Value Ltd, London Visit our web site at http://www.millicom.com CONFERENCE CALL DETAILS A conference call to discuss the results will be held at 16:00 Luxembourg time / 10:00 New York time, on Thursday, April 24, 2003. The dial-in number is: +44 20 8240 8245 and participants should quote Millicom International Cellular. A live audio stream of the conference call can also be accessed at www.millicom.com. Please dial in / log on 5 minutes prior to the start of the conference call to allow time for registration. A recording of the conference call will be available for 48 hours, commencing shortly after the live call has finished, on +44 20 8288 4459, access code: 709272. APPENDICES · Consolidated statements of profit and loss for the three months ended March 31, 2003 and 2002 · Consolidated balance sheets as at March 31, 2003 and December 31, 2002 · Consolidated statements of cashflows for the three months ended March 31, 2003 and 2002 · Consolidated statements of changes in shareholders' equity for the three months ended March 31, 2003 and 2002 · MIC quarterly analysis by region ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/24/20030424BIT01130/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/04/24/20030424BIT01130/wkr0002.pdf The full report