Business news from Ukraine


16 February , 2020  

The net income of JSC Kyivstar in 2019 amounted to UAH 22.392 billion, which is 19.6% more than in 2018.
According to the company, the operator’s income from provision of mobile services increased by 20%, to UAH 20.903 billion, from provision of fixed-line services by 11%, to UAH 1.35 billion.
In addition, last year’s EBITDA rose by 39.4%, to UAH 14.683 billion, while EBITDA margin by 9.3 percentage points, to 65.6%.
Kyivstar capital expenditures for the year increased by 64.8% and amounted to UAH 5.111 billion.
The number of mobile operator subscribers in the fourth quarter of 2019 decreased by 0.6% compared to the same period in 2018, to 26.2 million, while the number of fixed-line subscribers increased by 10.8%, to 1 million.
The decrease in the number of subscribers in the company is explained by the general market trend of consumer refusal from several SIM cards of various operators.
According to Kyivstar, in the fourth quarter of 2019 the number of mobile Internet users reached 16.9 million, which is 14.6% more than in the same period earlier.
Data traffic consumption increased from 2,753 Mb to 4,263 Mb per subscriber.
In the fourth quarter of 2019, the operator’s revenue increased by 16.1%, to UAH 5.815 billion. Of these, UAH 5.417 billion was income from mobile services (16% up), UAH 355 million was income from fixed-line services (more by 14%). EBITDA for this period increased by 44.3%, to UAH 4.031 billion, margin increased by 13.6 percentage points, to 69.3%.