TeleGeography Logo

Vimpelcom posts FY13 loss of USD1.4bn following impairment charges in Ukraine, Canada

6 Mar 2014

Amsterdam-based international telecoms group Vimpelcom Ltd has reported operating revenues of USD22.548 billion for the twelve months ended 31 December 2013, down 2% from USD23.061 billion one year earlier. EBITDA for FY13 dropped 3% to USD9.619 billion, while Vimpelcom reported a net loss of USD1.424 billion for the year under review. The telco notes that the loss was due to non-cash impairment charges taken on its assets in Ukraine and Canada. Meanwhile, CAPEX for 2013 increased 3% to USD4.233 billion.

Vimpelcom’s ‘Russia’ business unit weighed in with the lion’s share of revenue in 2013, reporting earnings of USD9.109 billion, down 1% year-on-year. Elsewhere, the firm’s ‘Italy’ unit posted revenues of USD6.618 billion, down 5%, while ‘Africa & Asia’ sales shrank 6% to USD3.502 billion. Revenues in ‘Ukraine’ dropped 4% to USD1.611 billion, with the ‘CIS’ division the only Vimpelcom unit to post an improved top-line figure: USD1.948 billion (+11%).

In operational terms, Vimpelcom’s consolidated mobile subscriber base increased 4% year-on-year from 211.1 million in 2012 to 219.6 million by 31 December 2013. The biggest y-o-y improvement was observed in Bangladesh, which saw its user numbers jump 11% to 28.8 million, while Beeline Russia remains the group’s largest unit by subscribers, with 56.5 million customers at year-end.

Canada, Russia, Ukraine, Beeline (Russia), Freedom Mobile (part of Shaw), Kyivstar, VEON

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.

TeleGeography

TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.