Business
Airtel Africa Q3'20 Results
Airtel Africa Q3'20 Results.
About this update from Airtel Africa Plc
[{"type":"text","content":"\n \nRNS Number : 0765B Airtel Africa PLC 28 January 2020 \n\nAirtel Africa plc\nNine-month period ended 31 December 2019\n28 January 2020\nEighth consecutive quarter of double-digit revenue growth and EBITDA margin expansion in constant currency \nKey Highlights\n\n\n\n\n· Customer base grew by 9.4% to 107.1 Mn\n· Revenue increased by 9.9% to $ 2,522 Mn for the nine-month period ended 31 December 2019, with Q3'20 revenue growth increasing to 12.8%\n· In constant currency terms, revenue grew by 12.4% during the nine-month period ended 31 December 2019 and 14.2% in Q3'20. This was the 8thconsecutive quarter of double-digit constant currency growth. \n· Growth was recorded across all services, with revenue in Voice, Data and Mobile Money up by 3.9%, 39.0% and 40.4% respectively in constant currency\n· Underlying EBITDA was $1,118 Mn for the nine-month period, up 13.2%, while constant currency underlying EBITDA growth was 15.5% over the same period\n· Underlying EBITDA margin in reported currency was 44.3%, an increase of 129 bps, while there was an increase of 121 bps in constant currency terms\n· Operating profit increased by 21.3% and was up 23.7% in constant currency\n· Free cash flow almost doubled to $ 391 Mn in the period\n· EPS before exceptional items was $ 5.8¢ and Basic EPS was $ 8.6¢\n· Net debt to EBITDA was 2.2x, compared to 3.2x as of December 2018\n\n\n\n\n \n\n\n\n\nAlternative Performance Measures\n(Nine-month period ended)\n\n\nGAAP Measures\n(Nine-month period ended)\n\n\n\n\nDescription\n\n\nDec-19\n\n\nDec-18\n\n\nReported\n\n\nConstant\n\n\nDescription\n\n\nDec-19\n\n\nDec-18\n\n\nReported\n\n\n\n\n$ Mn\n\n\n$ Mn\n\n\nChange %\n\n\nChange %\n\n\n$ Mn\n\n\n$ Mn\n\n\nChange %\n\n\n\n\nRevenue\n\n\n2,522\n\n\n2,296\n\n\n9.9%\n\n\n12.4%\n\n\nRevenue\n\n\n2,522\n\n\n2,296\n\n\n9.9%\n\n\n\n\nUnderlying EBITDA\n\n\n1,118\n\n\n988\n\n\n13.2%\n\n\n15.5%\n\n\nOperating Profit\n\n\n657\n\n\n542\n\n\n21.3%\n\n\n\n\nUnderlying EBITDA Margin \n\n\n44.3%\n\n\n43.0%\n\n\n129 bps\n\n\n121 bps\n\n\nProfit Before Tax\n\n\n501\n\n\n227\n\n\n1...