The revenue of the company for the second quarter of 2020 decreased by 8.3%Anna Saveleva | 20.08.2020
Despite the pandemic, the operator continues to hold the OIBDA margin at the level of 45.4% and reduces the debt load.
The second quarter showcased in all its glory consequences of the events of 2020. Since during a pandemic, many subscribers reviewed the cost of communication, and mass migration to remote
service forced the company to close a significant portion of the salons, service revenue in the second quarter dropped 6.9% to 73,4 billion RUB For the same reason, the proceeds from the sale of equipment and
accessories decreased by 24.7% to RUB 5.2 billion. in Addition, traveling abroad also had to cancel, so roaming revenues declined significantly.
The total number of visitors to the shops in the second quarter were 40% lower than a year earlier. The decrease in revenue and, as a consequence, gross profit has led to a decrease in OIBDA by 8.4% to 35
625 mln. on the other hand, isolation has increased the demand for home Internet and cloud-based solutions, so that a fixed revenue showed a slight increase of 1.0% and amounted to
RUB 6.8 bn.
By reducing inefficient in this environment, to equipment sales, costs of sales and marketing, and reduce operating costs, the company managed to maintain profitability on OIBDA level
last year of 45.4%. Net profit thus increased by 35.2% to 4.0 billion RUB financing Costs decreased by 1 994 mln, or 16.6% year-on-year, while total debt decreased by 17.7 billion
to 357,4 billion roubles
Operating CAPEX (excluding rental costs) in the second quarter amounted to 13.1 billion rubles, which is 20.1% lower than last year. Thus increasing the network load required of its active
development and implementation of non-core projects unrelated to her work, has been postponed until a later date.
In the end, for the second quarter of 2020, the total number of base stations increased by 2.3% to 189 thousand, of which more than 4 thousand in LTE and LTE Advanced. Thus in the first half
MegaFon has implemented 80% of the annual plan for the development of the network.
Base of subscribers of MegaFon in Russia in the second quarter remained at the last year’s level of 75.4 m, the Number of users of data transmission in Russia continues
to grow by 4.2% to 34.9 million people, accounting for 46.3% of the total base, and the number of registered 4G-enabled devices on the network of MegaFon increased by 14.5% to 35 million.
Digital revenue showed an increase of 37% due to a jump in traffic Megaphone TV 30%, service MegaFon Books by 28% and attendance platform game 2.5 times. The number of orders in the online store
MegaFon increased by 40%.
At the same time business the demand for CDN solutions grew by 50%, video-conferencing – almost 2 times, protection from DDoS attacks by 30%, MegaFon Cloud – 30-40%.
the financial results of companies
MegaFon | MegaFon
