Sistema JSFC (MOEX:AFKS) is a private Russian investment company, asset portfolio of which consists of many businesses: telecommunication company "MTS", Ozon online store, construction group "Etalon", timber holding Segezha Group, agricultural holding "Step", private medical network "Medsi", pharmaceutical manufacturer Binnopharm Group and other small subsidiaries. Financial results In early December, Sistema presented its financial results for the third quarter of 2021, after the publication of which the company announced its intention to extend its own buyback program. Key financial indicators of the third quarter. Sistema's revenue increased by 22% from 184.89 billion rubles to 225.118 billion rubles. This was mainly due to the growth of key assets.: MTS, Agroholding "Steppe" and Segezha Group, as well as by consolidating the results of Binnopharm Group. Adjusted OIBDA added only 5% up to 75.029 billion rubles. Lower growth rates in comparison with revenue are explained by the fact that, that the loss in Ozon increased, as well as due to the sale of shares of Detsky Mir in the third quarter of 2020. The corporate center's net debt increased by 6% from 210.1 billion rubles to 223.2 billion rubles in comparison with the previous quarter. The main reason is the placement of two new issues of ruble bonds, money from which the company will spend on investments, corporate-wide goals and refinancing of current liabilities. Main financial indicators of Sistema JSFC, млрд рублей 3к2020 3к2021 Изменение Выручка 184,890 225,118 21,8% Adjusted OIBDA 71,662 75,029 4,7% OIBDA margin 39% 33% -6 p.p. Net profit 2,334 0,888 −61,9% Скорректированная чистая прибыль 2,598 2,292 −11,8% Чистый долг корп. center 171,6 223,2 30% MTS. In the third quarter, the telecommunications company paid a dividend to its shareholders for the first half of 2021 and consolidated 100% УК «Система …
Analysis of financial results of AFK Sistema for 3 neighborhood Read more