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Businesses

Recent financial performance

  • Transformation program on track, delivering first signs of improvement
  • Mobile customer base decreased 3% YoY to 25.6 million
  • Mobile service revenue decreased 6% YoY to UAH 2.7 billion, primarily due to the transition to lower priced bundled tariff plans
  • EBITDA declined 8% YoY to UAH 1.4 billion; EBITDA margin of 48.6%

The Ukraine Business Unit delivered strong EBITDA and operating cash flow margins in 1Q14 despite the challenging macro-economic and political environment. Kyivstar´s operations in the first quarter have not been materially impacted by the turbulence. The transformation program, which was presented at VimpelCom’s recent Analyst and Investor Conference, aims to improve customer excellence and operational performance. The program is on track and is showing initial positive results, with improving QoQ performance. The Company expects stabilization of its revenue market share in 2014, but the environment is expected to remain challenging for the remainder of this year.


More information on the Company’s recent financial performance +

Ukraine revenue chart

Ukraine EBITDA chart

Ukraine CAPEX chart

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

-3%

1Q14 mobile customers decline YoY

19%

1Q14 broadband customers growth YoY
  • Russia
    Italy
    Africa & Asia
  • CIS
    Ukraine
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