July 17, 2013 / 6:13 AM / 4 years ago

Millicom cuts 2013 margin outlook

STOCKHOLM, July 17 (Reuters) - Emerging markets telecoms group Millicom scaled back its profit margin guidance for the full year after a slide in profitability in the second quarter.

The company said in a statement it expected an operating margin (EBITDA) of around 40 percent versus its previous outlook for a margin in above 40 percent.

Earnings before interest, tax, depreciation and amortisation (EBITDA) in the second quarter were $463 million versus a mean forecast of $470 million in a Reuters poll of analysts and $513 million in the year-ago quarter. (Reporting by Simon Johnson)

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