Business news from Ukraine


27 February , 2020  

PJSC Ukrtelecom cut its net income by 1.4%, to UAH 6.357 billion in 2019, the company’s CEO Yuriy Kurmaz said at a press conference in Kyiv.
According to him, the revenue is expected at the level of 2019 amounting to about half a million hryvnia, but this figure will be announced only after the financial audit of the company.
At the same time, EBITDA increased by 9.4%, to UAH 1.766 million, EBITDA margin – by 2.8 percentage points (p.p.), to 27.8% compared to 2018.
The company’s capital investments grew by 14.6%, to UAH 692 million.
In the total amount of income, revenues from telecoms services amounted to UAH 5.288 billion (a decrease of 4.1% from 2018), while total revenues from providing Internet access and data transmission services continue growing – by 6.2%, to UAH 1.949 billion, revenues from telephony continue declining – by 9.1%, to UAH 2.56 billion.
In 2019, Ukrtelecom served 2.3 million fixed-line subscribers, 1.04 million Internet access subscribers, and 78,000 television subscribers in the B2C segment. Revenues from telephony in this segment decreased by 10.9%, to UAH 1.865 billion, those from Internet access services grew by 6.2%, to UAH 1.372 billion.
According to the results of 2019, the operator in the B2B segment serviced 790,000 fixed-line telephony subscribers with an average revenue per user (ARPU) of UAH 70 without VAT (UAH 68 in 2018), and 150,000 subscribers of the Internet access service with an average ARPU of UAH 198 (UAH 175 in 2018).