News
9 Months 2008 Results under RAS
10.11.2008
Ekaterinburg – November 10, 2008 – Uralsvyazinform (RTS: URSI/URSIP, ADR: UVYZY/ UVYZYP), the leading carrier of fixed-line and mobile services in the Urals region, Russia reports the unconsolidated financial and operational results for the first 9 months of 2008 prepared under Russian Accounting Standards (RAS).
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Revenues increased by 12.5% on 9M 2008 and totaled US$ 1,256.5 mln. The revenue growth is mainly due to revenue gains in:
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Mobile services (+15.3%)
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New services (up 61.2%)
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EBITDA[1] increased by 12.3% on 9M 2007. EBITDA margin totaled 36.0%. Operating margin – 19.4%.
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Net profit decreased by 8.9% and amounted to US$ 120.0 mln. Net margin totaled 9.6%.
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Subscriber base totaled 9.7 mln., including 5.5 mln subscribers in GSM.
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Fixed-line unlimited tariff increased since September 1, 2008 by 20% on average. Currently, the tariff is set at FTS approved max rate
Operational and financial highlights:*
| Financial |
9M 2008 |
9M 2007 |
Change, % |
| Revenues, US$ mln* |
1,256.5 |
1,117.0 |
+12.5% |
| Costs, US$ mln |
1,013.0 |
840.1 |
+20.6% |
| EBITDA, US$ mln |
452.4 |
402.9 |
+12.3% |
| EBITDA margin |
36.0% |
36.1% |
- |
| Operating profit, US$ mln |
243.5 |
276.9 |
-12.1% |
| Operating margin |
19.4% |
24.8% |
- |
| Profit before income tax, US$ mln |
171.8 |
189.8 |
-9.5% |
| Net profit, US$ mln |
120.0 |
131.7 |
-8.9% |
| Net margin |
9.6% |
11.8% |
- |
| Operational |
01/10/2008 |
01/10/2007 |
Change, % |
| Fixed-line subscribers, million |
3.7 |
3.7 |
+0.5% |
| Mobile subscribers, million |
5.5 |
4.8 |
+14.6% |
| Broadband subscribers, thousand |
462.3 |
235.5 |
+96.3% |
| Digitalization of local fixed-line networks, % |
74.5% |
73.6% |
+0.9% |
| Number of employees |
23,767 |
26,543 |
-10.5% |
* Here and henceforth currency conversions are based on average exchange rates: 9M 2008 – RUR 24.0, 9M 2007 – RUR 25.9
[1] EBITDA is calculated as a sum of pre-tax profit, interest payable, depreciation and amortization, leasing payments less interest receivable.
To view complete accounting statements of Uralsvyazinform as of 9M 2008 under RAS click here
Please download full PDF version to continue with 
9M 2008 Operational and Financial Overview.
For additional information, please contact IR department on tel. +7 343 379 1219, +7 343 379 1859 or e-mail: investor@gd.usi.ru.
The most recent company information is also available from this website and www.skrin.ru (complex disclosure information system) or URSI_RU page in Bloomberg system and URSI.RTS page in Reuters system.
