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Recent financial performance

  • Mobile service revenue increased organically by 1% YoY
  • Mobile data revenue organic growth of 7% YoY
  • EBITDA reached USD 128 million, an organic increase of 4% YoY; Strong EBITDA margin of 51.6%
  • Continued strong cash flow generation
  • Mobile customer base expanded 1% YoY to 16.3 million

The Company’s results in Eurasia are substantially impacted by currency headwinds, increasing competition and pressure on international interconnect revenue due to the macro-economic slowdown in Russia. However, revenue and EBITDA still grew organically in 2Q15, while EBITDA margins and cash flows were also robust as a result of efficiencies achieved through the Company´s operational excellence and capital efficiency programs.

Total revenue increased organically 1% YoY, while total reported revenue declined 11% YoY to USD 248 million, due to currency devaluation in all countries. Mobile service revenue increased organically 1% YoY driven by strong results in Kyrgyzstan, while reported mobile service revenue decreased by 11% YoY to USD 228 million. Mobile data revenue grew 7% YoY to USD 41 million. The mobile customer base grew 1% YoY to 16.3 million with increases in Kyrgyzstan, Georgia and Armenia, while Uzbekistan’s and Tajikistan´s customer base declined YoY.

The Company reported improvements in annualized churn in Uzbekistan, Armenia, Kyrgyzstan and Tajikistan. 

EBITDA increased organically by 4% YoY while reported EBITDA decreased 9% YoY to USD 128 million. EBITDA margin was strong at 51.6%, due to cost efficiencies.

More information on the Company’s recent financial performance +

Euroasia revenue chart

Euroasia EBITDA chart

Euroasia 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

1%

2Q15 Mobile customer base expanded YoY

51.6%

2Q15 EBITDA margin 
  • Russia
    Italy
    Kazakhstan
  • Eurasia
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