Airtel Africa PLC (LSE: AAF)  

Airtel Africa PLC (LSE: AAF) is an FTSE 100-listed provider of telecommunication and mobile money services. The Company has a significant presence in Africa. AAF operates in 14 African countries, primarily in Central Africa, East Africa, and West Africa. AAF was founded in 2018 and is headquartered in London, the United Kingdom.

FY23 Results Update (released on 11 May 2023)

• Improved Revenue: The company reported an increase of 11.5% in the revenue to GBP 5,255 mn for FY23, as compared to the revenue of GBP 4,714 mn in FY22, and on a constant currency basis revenue grew by 17.6%. The sales growth was driven by an increase in customer base as well as growth in ARPU in FY23.
• Improved Financials: The Underlying EBITDA was 11.4% higher and stood at GBP 2,575 mn in FY23 against GBP 2,311 mn in FY22, whereas the operating free cash flows also surged by 10.4% to GBP 1,827 mn in FY23 versus GBP 1,655 mn in pcp.  
• Higher Customer Base: The customer base went up by 9.0% to 140.0 mn, supported by the higher penetration of mobile data and various mobile money services. The data customer base surged by 16.9% to 54.6 mn and the mobile money customer base saw an uptick of 20.4%, to 31.5mn in FY23.
• Dividend Declaration: The management recommended a final dividend of GBX 3.27 per share, bringing a total full-year dividend of GBX 5.45 per share for FY23.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Airtel Africa PLC (LSE: AAF) was trading at the closing market price at GBX 115.10 (as of 12 May 2023).

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 12 May 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 4: Dividend Yield may vary as per the stock price movement.

Disclaimer

References to ‘Kalkine’, ‘we’, ‘our’ and ‘us’ refer to Kalkine Limited.

This website is a service of Kalkine Limited. Kalkine Limited is a private limited company, incorporated in England and Wales with registration number 07903332. Kalkine Limited is authorised and regulated by the Financial Conduct Authority under reference number 579414.

The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. No advice or information, whether oral or written, obtained by you from Kalkine or through or from the service shall create any warranty not expressly stated. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation.

Kalkine does not offer financial advice based upon your personal financial situation or goals, and we shall NOT be held liable for any investment or trading losses you may incur by using the opinions expressed in our publications, market updates, news alerts and corporate profiles. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. Kalkine’s non-personalised advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested.

Kalkine Media Limited, an affiliate of Kalkine Limited, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.