IHS Holding Limited (IHS) Misses Q3 EPS by 82c; Offers FY23 Revenue Guidance
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IHS Holding Limited Reports Third Quarter 2023 Financial Results
November 14, 2023 6:49 AM ESTCONSOLIDATED HIGHLIGHTS THIRD QUARTER 2023
Revenue of $467.0 million decreased 10.4% (or increased 30.6% organically) reflecting a $214.5 million year on year foreign exchange (FX) headwind largely as a result of the 78.2% devaluation of the Nigerian Naira (NGN) Adjusted EBITDA of $232.0 million (49.7% Adjusted EBITDA Margin) decreased 15.5% Loss for the period was $265.4 million Cash from operations was $234.4 million Adjusted Levered Free Cash Flow (ALFCF) was $79.6 million Total Capex was $105.4 million Maintaining 2023 guidance for revenue of $2,080-2,110 million, Adjusted EBITDA of $1,130-1,150 million, Capital expenditure (Total Capex) of $610-650 million and net leverage ratio target remains 3.0x-4.0x.... More