IHS Holding Limited Reports Third Quarter 2024 Financial Results
IHS Holding Limited (IHS)
US:NYSE Investor Relations:
investor.ihsmarkit.com
Company Research
Source: Business Wire
CONSOLIDATED HIGHLIGHTS – THIRD QUARTER 2024Revenue of $420.3 million declined 3.5% compared to the second quarter of 2024 with continued growth in revenue from Colocation, Lease Amendments and New Sites partially offsetting the initial impact of the new financial terms in the renewed and extended contracts with MTN Nigeria signed during this quarter. Revenue decreased by 10.0% (or increased by 49.0% organically) year-on-year, with foreign exchange (“FX”) resets and escalations, captured within organic growth, helping to mitigate the impact of the 52.0% devaluation of the Nigerian Naira (“NGN”)Adjusted EBITDA of $246.0 million (58.5% Adjusted EBITDA Margin) increased 3.3% year-on-year, reflecting continued cost controlLoss for the period was $205.7 million of which $236.0 million relates to unrealized FX lossesCash from operations was $182.4 millionAdjusted Levered Free Cash Flow (“ALFCF”) was $87.1 millionTotal Capex was $66.5 millionReiterating 2024 guidance for Revenue of $1,670-1,
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IHS
News
- IHS Holding Limited (NYSE:IHS) stock most popular amongst retail investors who own 45%, while public companies hold 26% [Yahoo! Finance]Yahoo! Finance
- IHS Towers Completes Sale of Kuwait Operations to Zain GroupBusiness Wire
- IHS to Sell 70% Stake in Kuwait to Reduce Debt: Stock to Gain? [Yahoo! Finance]Yahoo! Finance
- IHS Towers Signs Agreement to Sell Kuwait Operations to Zain GroupBusiness Wire
- IHS Holding Limited Announces Successful Pricing of Dual Tranche Senior Notes TransactionBusiness Wire
IHS
Earnings
- 11/12/24 - Miss
IHS
Sec Filings
- 12/2/24 - Form 6-K
- 11/26/24 - Form 6-K
- 11/15/24 - Form 6-K
- IHS's page on the SEC website