Vodafone Ukraine (PrJSC VF Ukraine) in 2019 saw a 45% rise in net profit compared with 2018, to UAH 2.54 billion, explaining the figure by growth in expenses on active development of 4G and 3G networks.
Vodafone Ukraine CEO Olha Ustinova said that the company’s income last year grew by 25%, to UAH 15.98 billion and Operating Income Before Depreciation and Amortization (OIBDA) rose by 21% year-over-year, reaching UAH 8.3 billion.
Vodafone Ukraine CFO Natalia Shevchenko said that in 2019, the operator doubled the number of 4G towers to 7,200. On average, the Vodafone data client uses almost 5 GB of traffic per month.
In general, the company’s investment in infrastructure development since the start of construction of high-speed mobile Internet networks amounted to UAH 25.4 billion.
According to information released during the presentation, as of December 31, 2019, the Vodafone chain in Ukraine included 629 mono-brand stores, of which 249 are own and 380 are dealerships. Sales revenue in 2019 amounted to $17.7 million, which is 4.6 times more than in 2018.
In 2019, the number of Vodafone customers in the country amounted to 19.7 million. The operator’s 4G network covers 69% of the country’s territory, which is 1.5 times more than the previous indicator for 2018.
According to the results of 2018, Vodafone Ukraine, the second largest mobile operator in Ukraine, reduced its net profit by 18.1% compared to 2017, to UAH 1.777 billion with an 8% increase in revenue, to UAH 12.8 billion. The company explains this figure as an increase in expenses due to the active deployment of 4G and 3G networks.
