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lifecell announces 2021 FY and Q4 results: consistent key financial indicators and subscriber base growth

23 February 2022


 February 23, 2022

lifecell mobile operator has announced its financial and operational results for year 2021 and Q421. The company demonstrated persistent financial indicators progress and stated 24.1% revenue growth and 30.9% EBITDA growth on a year basis. lifecell three-month active subscribers base reached 9.2 million.

REVENUE: In 2021 lifecell’s revenue increased by 24.1% YoY up to UAH 8,482.7 million against UAH 6,835.8 million in 2020. In Q421 the operator’s revenue increased by 25.7% YoY up to UAH 2,406.4 million (UAH 1,913.8 million in Q420). The revenue growth was driven by subscriber base growth and increased data services usage.

EBITDA & EBITDA MARGIN: EBITDA increased by 30.9% YoY to UAH 4,751.2 million (UAH 3,630.9 million

in 2020). In Q421, EBITDA increased by 26.5% YoY to UAH 1,319.1 million (UAH 1,042.9 million in 2020). At the same time EBITDA margin in 2021 increased by 2.9 pp to 56.0% against 53.1% in 2020. Meanwhile, in Q421, this indicator increased by 0.3 pp to 54.8% (54.5% in Q420).

CAPITAL EXPENDITURES: CAPEX increased by 3.2% to UAH 3,593.6 million against UAH 3,482.4 million

in 2020. In Q421 lifecell decreased this indicator by 14.6% YoY to UAH 1,319.3 million (UAH 1,545.7 million in Q420).

NET INCOME / (LOSS): lifecell recorded net income of UAH 610.9 million in 2021 against net income of

UAH 2,588.7 million in 2020. In 2020 lifecell has recognized its accumulated losses as deferred tax asset, so registered a deferred tax gain of UAH 2,581.7 million in Q420. And it also positively impacted net income in 2020.

“2021 was a great year for our company. We’ve expanded our 4G geo coverage all over Ukraine by 28.5%. As a result at the end of 2021 mobile internet from lifecell was available in 14.9 thousand towns and settlements. In 2021 our subscriber base has increased by 1.1 mln subscribers, we also became a leader in the MNP port-in subscribers. And we will keep on our development, challenging telecom market, offering our subscribers and business clients best products, reliable services and innovative smart solutions”, – commented Ismet Yazici, CEO lifecell.

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