Business
Q1'21 Results
Q1'21 Results.
About this update from Airtel Africa Plc
[{"type":"text","content":"\n \n \n RNS Number : 9979T\n Airtel Africa PLC\n 24 July 2020\n \n \n \n \n Airtel Africa plc\n \n \n Quarter ended 30 June 2020\n \n \n 24 July 2020\n \n \n A good start to the year, with constant currency revenue growth of 13% despite impact from Covid-19 \n \n \n Key highlights\n \n \n · \n Customer base grew by 11.8% to 111.5 million\n \n \n · \n Revenue increased by 6.9% to $851m, with constant currency revenue growth of 13.0%\n \n \n · \n Constant currency revenue growth was recorded across all key business segments, with voice revenue up by 2.2%, data by 35.7% and mobile money by 26.3%\n \n \n · \n Underlying EBITDA increased by 7.9% to $375m, with constant currency growth of 14.6%\n \n \n · \n Reported underlying EBITDA margin was 44.1%, up by 40 bps (61 bps in constant currency) \n \n \n · \n Operating profit increased by 12.9% to $210m, an increase of 21.5% in constant currency\n \n \n · \n Free cash flow was $96m compared to $62m in the same period last year\n \n \n · \n Earnings per share (EPS) before exceptional items was $1.0 cents and basic EPS was $1.1 cents \n \n \n · \n Net debt to underlying EBITDA was 2.2x, compared to 3.0x in June 2019\n \n \n \n \n \n \n \n \n \n Alternative performance measures\n(Quarter ended)\n \n \n \n \n GAAP Measures\n(Quarter ended)\n \n \n \n \n \n \n Description\n \n \n \n \n June-20\n \n \n \n \n June-19\n \n \n \n \n Reported\n \n \n \n \n Constant\n \n \n \n \n Description\n \n \n \n \n June-20\n \n \n \n \n June-19\n \n \n \n \n Reported\n \n \n \n \n \n \n $m\n \n \n \n \n $m\n \n \n \n \n change %\n \n \n \n \n change %\n \n \n \n \n $m\n \n \n \n \n $m\n \n \n \n \n change %\n \n \n \n \n \n \n Revenue\n \n \n \n \n 851\n \n \n \n \n 796\n \n \n \n \n 6.9%\n \n \n \n \n 13.0%\n \n \n \n \n Revenue\n \n \n \n \n 851\n \n \n \n \n 796\n \n \n \n \n 6.9%\n \n \n \n \n \n \n Underlying EBITDA\n \n \n \n \n 375\n \n \n \n \n 348\n \n \n \n \n 7.9%\n \n \n \n \n 14.6%\n \n \n \n \n Operating profit\n \n \n \n \n 210\n \n \n \n \n 186\n \n \n \n \n 12.9%\n \n \n \n \n \n \n Underlying EBITDA margin \n \n \n \n \n 44.1%\n \n \n \n \n 43.7%\n \n \n \n \n 40 bps\n \n \n \n \n 61 bps\n \n \n \n \n Profit before tax 2\n \n \n \n \n 111\n \n \n \n \n 167\n \n \n \n \n (33.4%)\n \n \n \n \n \n \n Free cash flow\n \n \n \n \n 96\n \n \n \n \n 62\n \n \n \n \n 53.5%...