Welcome to our dedicated page for Ihs Holding news (Ticker: IHS), a resource for investors and traders seeking the latest updates and insights on Ihs Holding stock.
IHS Holding Limited (IHS) provides essential telecommunications infrastructure solutions across emerging markets, enabling mobile network connectivity through tower sharing and comprehensive network services. This page serves as the definitive source for verified corporate announcements and operational updates directly from IHS management.
Investors and industry professionals will find timely coverage of financial results, infrastructure expansion projects, and strategic partnerships. Our curated collection includes earnings disclosures, technology deployment updates, and regulatory filings – all organized for efficient analysis of IHS's market position.
The resource prioritizes factual reporting on tower colocation developments, managed service innovations, and geographic expansion initiatives across Nigeria, Sub-Saharan Africa, and Latin America. Bookmark this page to maintain current awareness of IHS's operational milestones and industry leadership in shared telecom infrastructure.
IHS Holding , one of the largest independent owners and operators of shared communications infrastructure, reported its Q1 2024 financial results. The company faced a 30.7% revenue decrease to $417.7 million, largely due to a significant 64.9% devaluation of the Nigerian Naira. Despite this, organic growth was 35.5%. Adjusted EBITDA fell by 44.8% to $185.2 million, and the net loss for the period was $1,557.3 million, primarily due to unrealized FX losses of $1,398.7 million. Cash from operations was $93.0 million, and Adjusted Levered Free Cash Flow was $43.1 million. Capital expenditure totaled $53.1 million.
Despite the challenges, IHS reiterated its 2024 guidance for revenue ($1,700-1,730 million), Adjusted EBITDA ($935-955 million), and ALFCF ($285-305 million). The company reported commercial progress, adding 270 tenants and 523 lease amendments, and building 216 towers. Notable agreements include a multi-year rollout with Airtel Nigeria and lease extensions with MTN in Zambia and South Africa. IHS is also strategizing to increase profitability, reduce capex, and potentially dispose of certain markets to raise $500 million to $1 billion over the next 12 months.
IHS Holding will release its 1Q24 Earnings Results on May 14, 2024, followed by a conference call and webcast to discuss the financial results.
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