Moscow, Russia – 10 April 2023 – Sistema PJSFC (“Sistema”,
the “Corporation”, or together with its subsidiaries and
affiliates the “Group”) (LSE: SSA, MOEX: AFKS), a Russian
publicly traded investment company, announces its unaudited
consolidated financial results in accordance with International
Financial Reporting Standards (IFRS) for the fourth quarter of 2022
(4Q 2022) and its audited consolidated financial results in
accordance with IFRS for the year ending 31 December 2022 (FY 2022).
Sistema results review
(RUB mln)
|
4Q 2022
|
4Q 2021
|
12M 2022
|
12M 2021
|
Consolidated revenue
|
254,525
|
215,106
|
912,656
|
773,218
|
Adj. OIBDA
|
79,955
|
68,630
|
310,447
|
264,668
|
Operating income
|
42,546
|
58,988
|
161,246
|
155,820
|
Net profit attributable to Sistema
|
14,915
|
22,152
|
19,405
|
16,757
|
In 2022, Sistema's consolidated revenue amounted
to RUB 912.7 billion due to the consolidation of Etalon Group's
results since May 2022 as well as higher revenue at a number of key
assets:
MTS – due to continued growth in the
telecom, fintech and media business verticals.
Steppe – thanks to a record harvest and a
substantial increase in milk production.
Segezha Group – due to the growth in
production and sales of sawn timber.
Medsi – thanks to the active expansion of
the medical chain. as well as an overall increase in patient flows.
Binnopharm Group – as a result of a
significant increase in sales in the retail and export segments.
The Group's adjusted OIBDA[1]
was RUB 310.4 billion in 2022 following the growth in revenue of the
Corporation's key assets, as well as on the back of the consolidation
of the results of Etalon Group[2].
In 2022, Sistema's net profit reached RUB 19.4
billion, mainly due to the growth in OIBDA and the economic effect of
the consolidation of Etalon Group and YIT Russia.
Sistema Group’s capex amounted to RUB 158.6
billion in 2022. The total investment of the Corporate Centre in 2022
was RUB 51.9 billion.
The Corporate Centre's net financial
liabilities[3]
reached 245.2 billion. The Corporate Centre's cash balance was RUB
9.8 billion.
Tagir Sitdekov,
Sistema’s President: “In the reporting year, we
encountered new unprecedented challenges and major transformational
changes. However, the results achieved by Sistema and its entire
30-year history of sustainable development confirm that we are
capable of efficiently managing our investments and our assets are
able to grow their businesses in both rising and highly volatile
markets. I am confident that even in these difficult times we will
continue implementing our strategy aimed at enhancing the efficiency
of our investment activities and developing our portfolio
companies.”.
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For further information, please visit
www.sistema.ru or contact:
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