OREANDA-NEWS. Mobile services operator life:) announces its financial and operational results for Q3 2014. Tough macroeconomic and political conditions impacted sector's financial indicators, while the key operational and financial figures indicated sustained stable growth. Thus, the company succeeded in posting 15.5% YoY revenue growth and a 12.8% YoY subscriber base increase.

REVENUE: In Q3 2014, life:) demonstrated revenue growth of 15.5% YoY to UAH 1,144.6 million (UAH 991.0 million in Q3 2013) driven by subscriber base growth and increased mobile data revenues. On a quarterly basis, revenue rose by 19.1% (UAH 961.0 million in Q2 2014), mainly due to increased subscriber number and the seasonality effect.

EBITDA & EBITDA MARGIN: In Q3 2014, EBITDA grew by 18.5% YoY to UAH 361.7 million (UAH 305.2 million in Q3 2013). Quarterly EBITDA increased by 30.3% (UAH 277.5 million in Q2 2014). The EBITDA margin, after the previous quarter's decline, rose again and made up 31.6% (against 28.9% in Q2 2014), mainly due to revenue growth.

SUBSCRIBER BASE: In Q3 2014, life:) increased its 3-month active subscriber base by 12.8% YoY, or by more than a million new clients to 10.6 million. The operator's total subscriber base grew by 11.5% YoY to 13.6 million subscribers compared to 12.2 million in Q3 2013 due to growth in acquisitions and implementation of smart tariff policy.

Erdal Yayla, life:) acting CEO commented on the Q3 2014 results: "The third quarter of 2014 was quite challenging both due to overall telecom market stagnation and the general economic situation of the country. Despite this, we succeeded in increasing our key indicators and reached double-digit growth in revenues by 15.5%, EBITDA by 18.5% and subscriber base by 12.8% and developed new offers for our subscribers throughout the country. In the upcoming quarters, life:) is looking forward for landmark decisions on the telecom market and stabilization of the situation in Ukraine. We remain dedicated to providing our customers with high-quality services and affordable tariffs wherever they are."