Business news from Ukraine

Kyivstar increased its revenue by 12.1%

21 November , 2023  

In January-September 2023, Kyivstar, the largest Ukrainian mobile operator, increased its total operating income by 12.1% compared to the same period in 2022 to UAH 25.6 billion.

According to the mobile operator’s press service, the company’s EBITDA also increased by 12.5% to UAH 15.5 billion, while the EBITDA margin increased by 0.2 percentage points to 60.6%.

In addition, the company’s capital expenditures in the first nine months of 2023 increased by 8.1% to UAH 3.791 billion.

Total revenue from mobile services amounted to UAH 24.033 billion, up 12.5% year-on-year. Revenue from data services amounted to UAH 13.963 billion (+12.3%). Operating income from fixed-line services increased by 2.6% to UAH 1.447 billion. Revenue from broadband access services increased by 17% to UAH 979 million.

Operating income in the third quarter increased by 13.8% to UAH 8.711 billion. EBITDA increased by 26.2% to UAH 5.54 billion. Capital expenditures decreased by 11% to UAH 1.61 billion.

Total revenue from telecommunications services in the third quarter increased by 14.2% to UAH 8.13 billion, including 16.4% from data services to UAH 4.81 billion. Operating income from fixed-line services increased by 5% to UAH 501 million in the third quarter. Operating income from broadband services increased by 22.6% to UAH 334 million. The number of broadband subscribers increased by 0.6% to 1.1 million in the third quarter, while the broadband APRU increased by 25% to UAH 100. Mobile subscribers’ APRU increased by 15.8% to UAH 112 and MOU by 2.2% to 547 minutes. Mobile Internet usage by subscribers in the third quarter increased by 17.7% to 10.6 Gigabytes per subscriber.

Earlier it was reported that Kyivstar increased its hryvnia revenue by 16.8% in the second quarter of 2023 compared to the same period of 2022 to UAH 8.609 billion (in dollars it decreased by 6.5% to $235 million). During the reporting period, Kyivstar’s EBITDA in UAH increased by 11.6% to UAH 5.085 billion (down 10.7% to $139 million in USD), while its EBITDA margin decreased by 2.9 percentage points to 59%. Kyivstar’s mobile subscriber base decreased by 2.6% year-on-year to 24.1 million as it continued to be affected by the number of Ukrainians living outside Ukraine.

According to the report, in the first half of 2023, Kyivstar’s revenue in UAH increased by 11.2% to UAH 16.956 billion, EBITDA by 6.2% to UAH 10.006 billion, and capital investments by 28.6% to UAH 2.176 billion.

“Kyivstar is the largest Ukrainian telecommunications operator. The company provides communication and data transmission services based on a wide range of mobile and fixed technologies.