Business
Full Year Results
Full Year Results.
About this update from Airtel Africa Plc
[{"type":"text","content":"\n\n \n\n\nAirtel Africa plc\nResults for the year ended 31 March 2023\n11 May 2023\nContinuing to unlock growth, delivering double digit revenue growth and a resilient margin.\nHighlights\n \nOperating key performance indicators (KPIs)\n· Total customer base grew by 9.0% to 140.0 million, as the penetration of mobile data and mobile money services continued to rise, driving a 16.9% increase in data customers to 54.6 million and a 20.4% increase in mobile money customers to 31.5 million.\n· Constant currency ARPU growth of 7.4% was largely driven by increased usage across voice, data and mobile money.\n· Mobile money transaction value increased by 41.3%, with Q4'23 annualised transaction value exceeding $102bn in constant currency.\nFinancial performance\n· Revenue in constant currency grew by 17.6%, with revenues growing by 11.5% to $5,255m in reported currency.\n· While each segment's reported currency revenue growth was impacted by currency devaluation, they all delivered double-digit constant currency revenue growth. Across the Group mobile service revenue grew by 16.2% in constant currency, driven by voice revenue growth of 11.8% and data revenue growth of 23.8%. Mobile money revenue grew by 29.6% in constant currency.\n· Underlying EBITDA increased by 17.3% in constant currency, and 11.4% in reported currency to $2,575m, with an underlying EBITDA margin of 49.0%, reflecting the resilience of our operating model despite inflationary cost pressures.\n· Profit after tax was $750m, a decrease of only $5m, after including a higher foreign exchange and derivative losses of $245m.\n· Basic EPS at 17.7 cents was up by 5.2% due to higher operating profits and exceptional items gain on deferred tax credit recognition in Kenya, the DRC and Tanzania partially offset by higher foreign exchange and derivative losses. EPS before exceptional items was 13.6 cents, a reduction of 15.0%, largely due to higher foreign exchange and derivative losses of $245m. EPS before exceptional items and excluding foreign exchange and derivative losses was 20.6 cents, up by 13.4%.\nCapital allocation\n· Capex increased by 14.0% to $748m, in line with our guidance, as we continue to inves...