IHS Holding Expects FY24 Organic Revenue Y/Y Growth of Approx 49%

Author: Benzinga Newsdesk | March 12, 2024 06:48am

Full Year 2024 Outlook Guidance

The following full year 2024 guidance is based on a number of assumptions that management believes to be reasonable and reflects the Company’s expectations as of March 12, 2024. Actual results may differ materially from these estimates as a result of various factors, and the Company refers you to the cautionary language regarding “forward-looking” statements included in this press release when considering this information.

The Company’s outlook is based on the following assumptions:

●

Organic revenue Y/Y growth of approximately 49%

●

Average foreign currency exchange rates to 1.00 U.S. Dollar for January 1, 2024 through December 31, 2024 for key currencies: (a) 1,610 Nigerian Naira; (b) 5.00 Brazilian Real (c) 0.90 Euros (d) 19.00 South African Rand

●

Project Green capex of approximately $10.0 million

●

Build-to-suit of ~850 sites of which ~600 sites in Brazil

●

Net leverage ratio target of 3.0x-4.0x

Posted In: IHS