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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.

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2Q15 Mobile customer base expanded YoY


2Q15 EBITDA margin 
  • Russia
  • Eurasia