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.

Results Update (9M FY23, released on 02 February 2023)

• Improved Revenue: The company reported an increase of 17.3% in the revenue to GBP 3,914 mn for the 9M FY23 ending December 2022, as compared to the revenue of GBP 3,492 mn in pcp, on account of mobile services grew by 20.9% in Nigeria, 11.9% in East Africa.
• Uptick in EBITDA: The EBITDA was 17.4% higher for the 9M FY23 ending at GBP 1,916 mn against GBP 1,702 mn in pcp.
• Higher Customer Base: The customer base went up by 10.1% to 138.5 mn, supported by the higher penetration of mobile data and various mobile money services. The data customer base surged by 12.6% and the mobile money customer base went up by 22.2%, delivering double-digit revenue and EBITDA.
• Upcoming Results: The group will announce its full-year results for FY23 on May 11, 2023.

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) is trading at the closing market price at GBX 111.30 (as of 25 April 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 25 April 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.

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