STOCKHOLM, April 24 Emerging markets telecoms
group Millicom reported first-quarter core profit
slightly below expectations on Thursday and repeated its outlook
Earnings before interest, tax, depreciation and amortisation
(EBITDA) and before corporate costs were $537 million versus a
mean forecast of $546 million in a Reuters poll of analysts and
$562 million in the year-ago quarter.
Revenues rose to $1.41 billion compared with expectations of
$1.41 billion and $1.35 billion a year ago.
The Latin America and Africa-focused operator repeated it
expected sales to grow at a mid to high single digit rate
adjusted for currency swings and a core profit margin at around
35 percent in 2014, after corporate costs.
(Reporting by Sven Nordenstam)