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Vimpelcom revenues up 1% in Q4, EBITDA improves 10%

Wednesday 6 March 2013 | 09:19 CET | News
Vimpelcom reported a slowdown in revenue growth in the fourth quarter, with sales up just 1 percent year-on-year to USD 5.95 billion. Sales in its home market Russia were up 4 percent to USD 2.37 billion, but its Europe and North America division, which includes Italian operator Wind, posted sales down 8 percent to USD 1.78 billion. Excluding currency effects, revenues were up 3 percent. Group EBITDA was still up 10 percent to USD 2.45 billion, helped by lower provisions, and the net result improved to a profit of USD 801 million versus a loss of USD 381 million in Q4 2011. Capex was down 56

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Categories: Mobile & Wireless
Companies: Euroset / Vimpelcom / Wind
Countries: Russian Federation / World
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