16:45 09.11.2017

Kyivstar sees 10% rise in revenue in July-Sept, 10.5% rise in Jan-Sept

Kyivstar sees 10% rise in revenue in July-Sept, 10.5% rise in Jan-Sept

Kyivstar mobile communications operator saw a 10% rise in total revenue in July-September 2017 year-over-year, to UAH 4.3 billion, and mobile communications revenue grew by 10.2%, reaching UAH 4 billion.

According to a press release of the operator, growth of revenue from mobile data transfer accounted for 70.4%.

"Kyivstar has fewer mobile Internet users [11% less year-over-year] mainly thanks to the marketing strategy focused on development of consumption of new technologies in Ukraine," the company said.

A total of 26.4 million clients used Kyivstar's services in the third quarter of 2017, and this is 0.8% more than in the third quarter of 2016. Voice and mobile Internet consumption grew to 570 minutes and 835 megabytes per subscriber a month. The average revenue per user (ARPU) for mobile communications grew to UAH 50, by 8.2% year-over-year.

Revenue from fixed communications services in Q3 2017 rose by 5.1%, to UAH 275 million. ARPU grew by 11.7%, to UAH 69. Revenue from the Home Internet services grew by 12%.

In Q3 2017, earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 8.2%, to UAH 2.3 billion, and EBITDA margin fell by 0.9 percentage points, to 54.4%.

In January-September 2017, the operator saw a 10.5% rise in total revenue, to UAH 11.079 billion, revenue from mobile communications rose by 10.8%, to UAH 10.25 billion and from fixed communications services – by 8.3%, to UAH 782 million.

EBITDA in the nine months through September 2017 climbed to UAH 6.019 billion (11.8% up), EBITDA margin – by 0.6 percentage points, to 54.3%. Capital investment (not taking into account spending on the license) grew by 13.5%, to UAH 1.836 billion.

According to a report of the parent structure of the operator – VEON Group, the amount of funds which Kyivstar cannot repatriate due to restrictions imposed by the National Bank of Ukraine (NBU), decreased from $9 million to $3 million in January-September 2017.

"We continue investing in development of new technologies in Ukraine. Only in the third quarter of 2017 the company invested UAH 645 million in development of the network and upgrade of infrastructure. We are ready for the launch of 4G in the 1,800 MHz band range and waiting for technology neutrality," the company said, citing Kyivstar President Peter Chernyshov.

In Q3, 2017, the company paid UAH 1.4 billion of taxes and duties, and in January-September 2017 Kyivstar paid UAH 3.5 billion to the budget.

Kyivstar services over 26 million subscribers in Ukraine. Its shareholder is international group VEON (earlier VimpelCom Ltd.). The group's shares are listed on the NASDAQ exchange (New York).

 

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