IHS Holding Limited Reported Strong Results For The First Quarter as a Public Company

IHS Holding Limited (NYSE:IHS) reported its first quarterly results post-IPO. Q3 results came in better than expected on broad outperformance across the company’s geographical segments. Subsequent to quarter end, the company announced its expansion into South Africa and closed on its acquisition of TIM Fiber in Brazil.

Management did not provide guidance for 2021. Management guidance for 2022 is expected with the release of Q4 results. Analysts at RBC Capital anticipate 2021 revenue/EBITDA to be $1,561/$922 million. For 2022, the analysts expect revenue/EBITDA to be $1,749/$1,000 million.