IHS Holding Expects FY24 Organic Revenue Y/Y Growth of Approx 49%
$IHS
Telecommunications Equipment
Telecommunications
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 |