Millicom International Cellular Expects FCF of at least $500M for 2022-2024, 2024 Will Likely Be The Strongest Year in the 3-Year Period
Portfolio Pulse from Benzinga Newsdesk
Millicom International Cellular has communicated its financial targets for the period 2022-2024, expecting a cumulative equity free cash flow of at least $500 million. The company anticipates 2024 to be the strongest year due to savings from Project Everest and lower expected spectrum investment and one-time items compared to 2023.
July 27, 2023 | 10:06 am
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Millicom's financial targets for 2022-2024 indicate a strong cash flow position, with 2024 expected to be particularly strong due to cost savings and lower investments.
The company's strong financial targets for the next three years, particularly for 2024, indicate a positive outlook for the company's financial health. This could potentially lead to a positive impact on the company's stock price in the short term.
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