Airtel Africa (AAF)

Sector:

Telecom Operators

Index:

FTSE 100

186.90p
   
  • Change Today:
    -1.20p
  • 52 Week High: 190.30p
  • 52 Week Low: 94.60p
  • Currency: UK Pounds
  • Shares Issued: 3,651.00m
  • Volume: 3,006,450
  • Market Cap: £6,824m
  • RiskGrade: 259
  • Beta: 0.02

Airtel Africa Q3 underlying revenues jump, but FX weighs on results

By Benjamin Chiou

Date: Thursday 01 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Africa-focused telecoms group Airtel Africa said it intends to launch a share buyback worth up to $100m after a strong underlying performance in the third quarter, though currency movements weighed heavily on growth.
Revenues at constant currency were up 21% year-on-year in the three months to 31 December, but reported revenues fell by 8.3%, mainly due to the devaluation of the Nigerian naira.

For the first three quarters of the financial year combined, constant-currency revenues grew 20.2% to $3.86bn, but were down 1.4% on a reported basis.

Total customer numbers increased by 9.1% to 151.2m, helped by the continued penetration of mobile data and mobile money services. The company saw a 22.4% increase in data customers to 62.7m and a 19.5% increase in mobile money customers to 37.5m.

Earnings per share before exceptional items dropped by 34.6% to 7.1 cents due to a $140m derivative and FX loss net of tax as a result of a weakened naira while capital expenditure grew 8.2% to $494m.

"This strong operating performance has limited the impact that currency movements have had on the group. In this regard, whilst further currency devaluation, particularly in Nigeria, has weighed on our reported financial performance, it will not affect the execution of our growth plans," said chief executive Olusegun Ogunsanya.

Airtel Africa said the share buyback is expected to start in early March and was a result of its progress to reduce leverage and strong operating cash generation. "The board believes that repurchasing its own shares is an attractive use of its capital in light of the group's strong long-term growth outlook," the company said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Airtel Africa Market Data

Currency UK Pounds
Share Price 186.90p
Change Today -1.20p
% Change -0.64 %
52 Week High 190.30p
52 Week Low 94.60p
Volume 3,006,450
Shares Issued 3,651.00m
Market Cap £6,824m
Beta 0.02
RiskGrade 259

Airtel Africa Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.3% below the market average88.3% below the market average88.3% below the market average88.3% below the market average88.3% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
91.46% above the market average91.46% above the market average91.46% above the market average91.46% above the market average91.46% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
58.07% below the market average58.07% below the market average58.07% below the market average58.07% below the market average58.07% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
56.79% below the market average56.79% below the market average56.79% below the market average56.79% below the market average56.79% below the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

Airtel Africa Dividends

  Latest Previous
  Final Interim
Ex-Div 19-Jun-25 07-Nov-24
Paid 25-Jul-25 13-Dec-24
Amount 3.90¢ 2.60¢

Trades for 18-Jul-2025

Time Volume / Share Price
15:10 42 @ 188.20p
16:40 785,463 @ 188.15p
16:35 1,044,120 @ 186.90p
16:35 2,692 @ 186.90p
16:35 1,043 @ 186.90p

Airtel Africa Key Personnel

Chair Sunil Bharti Mittal
CEO Sunil Taldar
CFO Kamal Dua

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