 |
|
|
|
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
Recent news02.11.2009 |
|
Indicator, RUR mln |
9M09 |
9M08 |
Change, % |
|
Operating revenue |
16,237.4 |
15,465.0 |
5.0 |
|
incl. telecom services |
15,610.3 |
14,856.1 |
5.1 |
|
Intrazonal telephony |
2,592.0 |
2,766.1 |
-6.3 |
|
Local voice telephony |
7,111.7 |
6,990.8 |
1.7 |
|
|
270.5 |
250.2 |
8.1 |
|
Telegraph, datacom and telematic services |
4,143.1 |
3,163.3 |
31.0 |
|
incl. datacom and Internet access |
4,011.5 |
3,045.0 |
31.7 |
|
Interconnect and traffic transmission |
1,480.5 |
1,672.8 |
-11.5 |
|
Other operating revenue |
12.4 |
12.9 |
-3.9 |
|
Outsourcing and agency |
360.1 |
378.4 |
-4.8 |
|
Non-operating revenue |
267.0 |
230.5 |
15.8 |
Payroll expenses amounted to RUR 3,281 mln in the first nine months of 2009 (27.3% of the company’s revenue mix), which implies a 3.6% decrease compared to the same period last year.
Depreciation of fixed assets rose by 13.6% to RUR 2,997.1 mln (24.9% of the company’s revenue mix) due to the completion of projects in progress.
Material expenses decreased by 7.4% to RUR 1,191.5 mln (9% of the company’s revenue mix) in connection with optimization of the purchase system.
Interconnect expenses (including Rostelecom) rose by 8.7% and amounted to RUR 1,396.8 mln (11.6% of the company’s revenue mix) due to an increase in Internet traffic volumes.
Expense breakdown
|
Indicator, RUR mln |
9M09 |
9M08 |
Change, % |
|
Operating expenses |
12,013.6 |
11,602.0 |
3.5 |
|
Payrolls |
3,281.0 |
3,403.6 |
-3.6 |
|
Social security contributions |
818.7 |
845.4 |
-3.2 |
|
Depreciation of fixed assets |
2,997.1 |
2,638.1 |
13.6 |
|
Materials (total) |
1,191.5 |
1,287.4 |
-7.4 |
|
Expenses payable to telecom operators (including Rostelecom) |
1,396.8 |
1,284.6 |
8.7 |
|
Other |
2,328.5 |
2,142.9 |
8.7 |
The company reported a positive financial result of RUR 1,313.4 mln despite the influence of the economic downturn and the accrual of negative foreign exchange rate differences during the first nine months of 2009.
EBITDA amounted to RUR 6,315.1 mln, which is 9.1% more than in the same period in 2008. EBITDA margin increased by 1.5 percentage points to 38.9%.
As a result of headcount reduction compared with the same period in 2008 a decrease in the total number of staff was reached, as the average number of main staff decreased by 5.1% to 25,077, while the number of lines per employee increased by 3.6% to 159.8 lines per employee.
Amid the financial downturn the company reduced the total amount of its capital investments for the purpose of cost cutting. In 9M09 investments stood at RUR 721.7 mln, which is 74.7% less than in 9M08.
As a result of measures aimed at deleveraging, the company’s net debt decreased by 8.7% y-o-y as of October 1, 2009 and stood at RUR 19,072.6 mln.
Headline financial and other indicators
|
Indicator |
Unit of measurement |
9M09 |
9M08 |
Change, % |
|
EBITDA* |
RUR, mln |
6,315.1 |
5,787.4 |
9.1 |
|
EBITDA margin |
% |
38.9 |
37.4 |
1.5% |
|
Net profit |
RUR, mln |
1,313.4 |
1,186.0 |
10.7 |
|
Average number of employees (not incl. those who work concurrently and outsourcing) |
# of employees |
25,077 |
26,414 |
-5.1 |
|
Number of lines per employee |
Lines per employee |
159.8 |
154.3 |
3.6 |
|
Revenue per line |
RUR/line |
4,051.4 |
3,794.5 |
6.8 |
|
Investments |
RUR, mln |
721.8 |
2 848.8 |
-74.7 |
|
Net debt |
RUR, mln |
19,072.6 |
20,897.6 |
-8.7 |
* EBITDA is calculated as earnings before interest payable, taxation, depreciation of fixed assets and expenses for lease payments, additional expenses on credits and loans adjusted for interest receivable.
** Net debt is calculated as long-term credits and loans, short-term credits and loans adjusted for cash.
The company’s accounting reports can be viewed in the Russian sections of the company’s website entitled “Investors and shareholders. Financial statements. Accounting statements”.