Revenue “ER-Telecom” increased by 11% for the 1st half of 2019 Godana Saveliev
“ER-Telecom holding” (TM “Domi”, “Domy Business”) announced consolidated financial results (unaudited) under IFRS for the 1st half of 2019.
The company’s consolidated revenues increased by 11% compared to 19 256 RUB in the same period of the previous period and reached 21 438 million rubles.
OIBDA in the past year was 6 243 million rubles For the year increased by 35% to 8 486 mln. with IFRS, and up to 7 384 million without. OIBDA margin was 40%.
Net profit was RUB 1,400 million, an increase of 37% compared to the same period last year where it was 1 024 million rubles excluding IFRS in 2019, the profit reached
1 573 million.
CAPEX increased by 37% compared to the same period last year to 3 910 mln In the first half of 2018 it was 2 853 million rubles.
Net debt at 30 June 2019 was 40 856 million rubles.
The B2B revenue increased by 15% compared to the previous period and amounted to RUB 378 7 million B2C Revenue rose 9% to 14 060 mln.
Plans for September for the company to create a single b2b division of macro-region “North-West”, which will include the company “vest Koll” and “Enforta”. Thus, ER-Telecom wants to increase the share
on the b2b market in 1.5–2 times within three years.
Fall will be appointed as the new Director of corporate market, while the subsidiaries lose their heads.
Market share is planned to increase due to the introduction of new services, increasing sales and acquiring new assets.
As explained by Alexander Motrych, “vest Koll” at the moment, already fully controls “ER-Telecom”, but the accession of “Infront” is still proceeding slowly because of the size of the company, as it works
all over the country.
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ER-Telecom Holding ER-Telecom holding