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Recent financial performance

  • Kyivstar is the clear market leader in a challenging and volatile environment
  • Mobile service revenue increased 7% YoY; mobile data revenue grew 16% YoY
  • Annualized churn improved 7pp YoY to 22%; mobile customer base increased 2% YoY to 26.1 million
  • EBITDA declined 11% YoY to UAH 1.3 billion, with an EBITDA margin of 41.3%
  • 3G license paid; continued investments in 3G network

Kyivstar remains the clear market leader in a volatile and challenging economic and political market. The Company has been able to improve churn, grow its customer base and increase service revenue YoY in 1Q15.

Total revenue increased 5% YoY to UAH 3.1 billion, driven by growth in mobile service revenue, in part offset by declining fixed-line service revenue. Mobile service revenue grew 7% YoY to UAH 2.9 billion as a result of increased international incoming revenue, positively impacted by FOREX, as well as strong growth of mobile data revenue of 16% YoY to UAH 281 million. The growth in mobile data revenue was driven by increasing smartphone penetration, now at 25%, new data offers and the implementation of a regional approach in daily data usage pricing. Mobile voice, guest roaming, VAS and messaging revenue declined due to more conservative customer spending behavior and lower rates of tourism in Ukraine, as well as the negative impact from switching off the network in Crimea in August 2014.

Kyivstar´s mobile customer base increased 2% YoY to 26.1 million, driven by YoY churn improvement and good customer acquisition primarily due to the Company’s high quality and stable mobile network. The Company has reported 4 consecutive quarters of churn improvement, showing a decline of 7 percentage points YoY to a healthy annualized level of 22%. Mobile ARPU increased 4% YoY to UAH 36.

More information on the Company’s recent financial performance +

Ukraine revenue chart

Ukraine EBITDA chart

Ukraine CAPEX chart

Mobile customers

Forward-looking statements

The information on this website contains "forward-looking statements", as the phrase is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

Read more information on forward-looking statements +

Highlights

2%

1Q15 mobile customers increase YoY

5%

1Q15 broadband customers growth YoY
  • Russia
    Italy
    Ukraine
  • Algeria
    Bangladesh
    Eurasia
  • Kazakhstan
    Pakistan
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