lifecell increases EBITDA by 31.6% to UAH 3.3 billion, increases revenues by 26.1% to UAH 5.6 billion in H1, 2023

In the first half of 2023, the lifecell mobile operator (formerly Astelit) increased its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 31.6%, or UAH 800 million, to UAH 3.32 billion year over year.

This is stated in the message of Turkcell, the parent company, Ukrainian News Agency reports.

At the same time, for the specified period, revenues increased by 26.1% to UAH 5.591 billion.

In the first half of 2023, the company increased its net profit 6.2 times to UAH 1.127 million.

During this period, the company's capital investments increased by 52% to UAH 2.084 billion.

In Q2 compared to Q1, the number of subscribers of the company increased by 2.8% to 11.1 million, and the active subscriber base remained at 8.6 million subscribers.

The three-month Average Revenue Per User (ARPU) increased by 3.5% to UAH 88.1 in Q2, 2023 compared to Q1, 2023, and an active 3-month ARPU increased by 7.7% to UAH 112.7.

The active 12-month MoU indicator (Minutes of Use) decreased by 4.1% to 128 minutes.

As Ukrainian News Agency earlier reported, in 2022, compared to 2021, lifecell increased net profit by 59.2% to UAH 972 million.

The company also increased EBITDA by 14.6% to UAH 5.4 billion and revenue by 11% to UAH 9.4 billion.

The company Astelit (brand lifecell) after rebranding changed its legal name to Lifecell for the convenience of identifying the operator.

Lifecell is one of the three largest Ukrainian mobile operators under the lifecell trademark.

In 2015, Turkcell completed the buyout of 44.96% of shares in Euroasia Telecommunications Holding (Netherlands), which owned the mobile operator Astelit (brand lifecell), from System Capital Management.