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Recent news27.04.2010 |
|
Indicator, RUR mln |
Q 1 2010 |
Q 1 2009 |
Change, % |
|
Revenue from main types of activity |
5,660.3 |
5,336.8 |
6.1 |
|
including telecom services |
5,430.6 |
5,135.4 |
5.7 |
|
Intrazonal telephony |
785.1 |
865.4 |
-9.3 |
|
Local telephony |
2,481.3 |
2.333.5 |
6.3 |
|
Mobile radio communication, wire broadcasting, television |
91.3 |
91.4 |
-0.1 |
|
Telegraph, datacom and telematic services |
1,608.9 |
1,341.0 |
20.0 |
|
incl. datacom and Internet access provision service |
1,563.2 |
1,302.3 |
20.0 |
|
Interconnect and traffic transit |
463.7 |
503.1 |
-7.8 |
|
Other main services |
0.3 |
0.9 |
-66.7 |
|
Outsourcing and agency services |
112.5 |
118.6 |
-5.1 |
|
Revenues from provision of non-core types of activity |
117.2 |
82.9 |
41.4 |
Payroll expenses in the first quarter of 2010 stood at RUR 1,208.3 mln (29.0% in the operator’s expense breakdown), which implies a 7.2% increase compared with the same period last year due to the indexation of payrolls as of February 1, 2010.
The depreciation of core assets increased insignificantly by 2.7% to RUR 1,034.3 mln (24.9% in the operator’s expense structure).
Material expenses increased by 21.6% to RUR 419.8 mln (10.1% in the operator’s expense structure).
Interconnect expenses (including those payable to Rostelecom) decreased by 2.8% and stood at RUR 437.4 mln (10.5% in the operators expense structure).
Expense breakdown
|
Indicator, RUR mln |
Q1 2010 |
Q1 2009 |
Change, % |
|
Operating expenses |
4,159.5 |
3 944.4 |
5.5 |
|
Payrolls |
1,208.3 |
1 127.2 |
7.2 |
|
Social insurance contributions |
312.3 |
294.8 |
5.9 |
|
Depreciation of core assets |
1,034.3 |
1 007.4 |
2.7 |
|
Materials (total) |
419.8 |
345.2 |
21.6 |
|
Interconnect expenses (including Rostelecom) |
437.4 |
450.1 |
-2.8 |
|
Other |
747.4 |
719.7 |
3.8 |
EBITDA more than doubled and amounted to RUR 2,618.6 mln, while EBITDA margin increased by 22.6% to 46.3%.
Net profit amounted to RUR 939.1 mln against a loss of RUR 320.8 mln during the first quarter of 2009, as a result of higher operating efficiency and an increase in positive foreign currency exchange rate differences.
The operator achieved a decrease in the average headcount, which dropped 4.7% to 24,160 owing to improvement in the management structure and staff reduction. In addition, an increase was achieved in the number of lines per employee, up 2.0% to 162.1 lines/employee.
The amount of capital investments amounted to RUR 168.0 mln in the first quarter of 2010, which is more than three more than the same metric in the first quarter of 2009. Furthermore, the digitalization rate of UTK’s local voice network went up by 1.76% and reached 74.08%.
Main efficiency and other indicators
|
Indicator |
Unit of measurement |
Q1 2010 |
Q1 2009 |
Change, % |
|
EBITDA* |
RUR, mln |
2,618.6 |
1,265.2 |
106.9 |
|
EBITDA margin |
% |
46.3 |
23.7 |
22.6% |
|
Net profit/ loss |
RUR, mln |
939.1 |
-320.8 |
- |
|
Average headcount (not including those who work concurrently) |
# of employees |
24,160 |
25,361 |
-4.7 |
|
Number of lines per employee |
Lines/employee |
162.1 |
158.9 |
2.0 |
|
Revenue per line |
RUR/line |
1,444.9 |
1,324.2 |
9.1 |
|
Digitalization rate of local voice network |
% |
74.08 |
72.32 |
1.76% |
|
Investments |
RUR, mln |
168.0 |
37.8 |
344.4 |
[1] EBITDA is calculated as the sum of pre-tax profit, interest expenses, depreciation of fixed assets, lease payment expenses adjusted for the amount of interest revenue.
To view the complete version (in Russian) of the company’s accounting reports, follow this link: «Инвесторам и акционерам. Финансовая отчетность. Бухгалтерская отчетность» .