Ekaterinburg – March 19, 2008 – Uralsvyazinform (RTS: URSI/URSIP, ADR: UVYZY/ UVYZYP), the leading carrier of fixed-line and mobile services in the Urals region, Russia reports the preliminary unaudited unconsolidated financial and operational results for the year ended December 31, 2007 under Russian accounting standards (RAS).
-
Revenue[1] increased by 22.7% on 2006 to amount RUR 39.2 billion
-
EBITDA[2] increased by 40.6% compared to 2006. EBITDA margin at 33.4%. Operating margin at 22.5%
-
Pro forma net profit increased by 79.5% and amounted for US$ 138.1 million, delivering net margin of 9.0%
-
Subscriber base reached 8.8 million, including 5.1 million in GSM
Operational and financial highlights:*
| Financial |
2007 |
2006 |
Change, % |
| Revenues, US$ mln* |
1,532.4 |
1,249.1 |
+22.7% |
| Costs, US$ mln |
1,186.9 |
967.4 |
+22.7% |
| EBITDA, US$ mln |
512.5 |
364.6 |
+40.6% |
| EBITDA margin |
33.4% |
29.2% |
- |
| Operating profit, US$ mln |
345.5 |
281.7 |
+22.6% |
| Operating margin |
22.5% |
22.6% |
- |
| Pre-tax profit, US$ mln |
212.6 |
124.4 |
+70.9% |
| Net profit, US$ mln |
138.1 |
76.9 |
+79.5% |
| Net margin |
9.0% |
6.2% |
- |
|
| Operational |
31/12/2007 |
31/12/2006 |
Change, % |
| Subscriber base |
|
|
|
| Fixed-line subscribers, mln |
3.7 |
3.7 |
+0.7% |
| Mobile (GSM) subscribers, mln |
5.1 |
4.4 |
+15.9% |
| Broadband subscribers, thous |
294.6 |
115.5 |
+156.5% |
| Digitalisation of fixed-line networks, % |
74.6% |
73.6% |
- |
| Telephone penetration |
|
|
|
| Fixed lines, % |
28% |
27% |
- |
| Mobile, % |
100+% |
89% |
- |
| Number of employees |
26,401 |
30,952 |
-14.7% |
* Here and henceforth currency conversions are based on average exchange rates:
2007 – RUR 25.55, 2006 – RUR 27.1
[1]
Please take note that all financial statements in this distribution shall be considered preliminary and may change following the audit of financial statements as of 2007.
[2] For reference:
EBITDA is calculated as a sum of pre-tax profit, interest payable, amortization and depreciation, and leasing payments less interest receivable.
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