Tigo Millicom Updates Its Financial Targets; Millicom International Cellular SA Sees Lower Than Previously Expected Cumulative Equity Free Cash Flow For Three Years Up To And Including 2024
Portfolio Pulse from Happy Mohamed
Millicom International Cellular SA has updated its financial targets, predicting lower than previously expected cumulative equity free cash flow for the next three years up to and including 2024.
June 28, 2023 | 3:14 pm
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Millicom's revised financial targets indicate a lower than expected equity free cash flow for the next three years, which could negatively impact the company's stock price.
Equity free cash flow is a key indicator of a company's financial health and its ability to generate shareholder value. A lower than expected equity free cash flow suggests that Millicom may struggle to generate sufficient profits, which could lead to a decrease in its stock price.
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