Ukrainian telecom giant reports significant revenue growth in Q2 2022

5 August, 11:25 AM
Kyivstar reduced EBITDA by 4.8% (Photo:rdaniluk / depositphotos)

Kyivstar reduced EBITDA by 4.8% (Photo:rdaniluk / depositphotos)

Top Ukrainian cellular carrier Kyivstar reported an increase in revenue and income from mobile communications for the second quarter of 2022, the company reported in a press release on Aug. 4.

Sales in hryvnia terms increased by 3.9% year-on-year to UAH 7.37 billion ($200.3 million).

In dollars, the company's revenue increased by 2%. During the reporting period, the operator reduced the EBITDA indicator by 4.8% (in US dollars – by 10.2%) — to UAH 4.555 billion ($123.8 million). The company's EBITDA profitability decreased by 5.6 percentage points to 61.8%.

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At the same time, revenues from mobile communication services rose by 4.5% – up to UAH 6.891 billion ($187.3 million).

The operator also noted that the minutes of use indicator (MOU) decreased by 8.6% – from 620 to 567 minutes, compared to the same period last year.

The use of mobile Internet in April-June increased by 26.9% – up to 7.9 gigabytes per subscriber. The average revenue per unit (ARPU) increased by 6.6% – up to UAH 90 ($2.45).

The operator’s subscriber base, meanwhile, decreased by 4.3% – to 24.8 million. At the same time, the number of users of the Kyivstar TV service grew 84.9% – to 787,000.

The number of 4G users for the year increased by 11.9%, or 1.3 million, and the penetration of 4G in the subscriber base is 46.6%. The operator's capital expenditures fell by 29.4% to UAH 1.032 billion hryvnias.

Earlier it was reported that the owner of Kyivstar, the multinational telecom giant Veon, recorded a nearly $500 million depreciation of its Russian business operations.

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