“VimpelCom Ltd”, a leading global provider of telecommunications services, today announces operating and financial results for the quarter ended September 30…
“VimpelCom Ltd”, a leading global provider of telecommunications services, today announces operating and financial results for the quarter ended September 30, 2012.
Jo Lunder, chief executive officer, comments:
“We have made further good progress in the execution of our strategy, with strong organic growth in Group revenue and EBITDA. The EBITDA margin of 44% is the highest reported since completion of the Wind Telecom acquisition in April 2011. In our emerging markets (excluding Italy) we delivered 7% organic revenue growth and a 14% increase in EBITDA. In Russia, the positive trend seen in the first half continued, with year-on-year revenue growth of 7%, in part driven by strong mobile data revenue growth of 38%. EBITDA in Russia increased 16% year-on-year, with an improvement in the EBITDA margin to 43.2%. Our business in Italy has continued to outperform competition also showing strong mobile data revenue growth and CIS, Asia & Africa and Ukraine each delivered a solid set of figures in their respective markets.
We are delivering on our objectives and our focus will remain on delivering profitable growth leading to increased cash flows.”
Full release at http://www.vimpelcom.com/ir/financials/results.wbp?id=dfd93a86-636a-46de-b4ce-dd94a2356cd4
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