Golden Telecom exceeded expectations
Some investment banks are planning to revise recommendations on Golden Telecom shares. And this is due to the fact that almost all financial indicators of the operator for the II quarter increased by more than 40% compared with the same period last year.
Golden Telecom's revenue in the second quarter increased by 51% compared with last year, and reached $ 297 million, which exceeded analysts' expectations by 4%. $ 30 million (the main part of the increase) was obtained as a result of organic business growth, consolidation of the results of Corbina Telecom brought another $ 11 million.
The fact that GT has a license for long-distance communication has also contributed to the increase in revenue, which makes it possible to provide a full range of services, unlike many other operators.
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Also, as compared with the same period of the previous year, the indicator of the operator EBITDA also increased. Instead of $ 74.4 million expected by analysts, it was $ 81.6 million, which means a 41% increase. EBITDA margin was 27% versus 29% in the second quarter of last year and 22% in the first quarter of 2007. According to the GT financial director Boris Svetlichny, the profitability growth is explained by the company's active use of the transit network.
Due to the change in the GT manager’s reward system, a twofold increase in net profit was achieved (Previously, distinguished employees received the right to derive income from the increase in the value of the company's shares, but now GT has set the limit for such an increase).
The forecasts of the company are no less rosy than the results. Now analysts at Alfa Bank, Uralsib and Aton are planning to revise recommendations and target prices for GT shares in the near future.
via Vedomosti
Golden Telecom's revenue in the second quarter increased by 51% compared with last year, and reached $ 297 million, which exceeded analysts' expectations by 4%. $ 30 million (the main part of the increase) was obtained as a result of organic business growth, consolidation of the results of Corbina Telecom brought another $ 11 million.
The fact that GT has a license for long-distance communication has also contributed to the increase in revenue, which makes it possible to provide a full range of services, unlike many other operators.
')
Also, as compared with the same period of the previous year, the indicator of the operator EBITDA also increased. Instead of $ 74.4 million expected by analysts, it was $ 81.6 million, which means a 41% increase. EBITDA margin was 27% versus 29% in the second quarter of last year and 22% in the first quarter of 2007. According to the GT financial director Boris Svetlichny, the profitability growth is explained by the company's active use of the transit network.
Due to the change in the GT manager’s reward system, a twofold increase in net profit was achieved (Previously, distinguished employees received the right to derive income from the increase in the value of the company's shares, but now GT has set the limit for such an increase).
The forecasts of the company are no less rosy than the results. Now analysts at Alfa Bank, Uralsib and Aton are planning to revise recommendations and target prices for GT shares in the near future.
via Vedomosti
Source: https://habr.com/ru/post/13091/
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