IFRS financial results
Q1 2024
SisteSistemaa PJSFCPJSFC||IFRSIFRSfinancialfinancialresultsresultsforforQ13 20222024
Moscow, Russia - 11 July 2024 - Sistema PJSFC (hereinafter, "Sistema", the "Corporation", or, together with portfolio companies, the "Group") (MOEX: AFKS), a publicly traded Russian investment company, announces its unaudited consolidated financial results prepared in accordance with International Financial Reporting Standards (IFRS) for the first quarter of 2024 (Q1 2024) that ended on 31 March 2024.
Revenue
272.9 RUB
bn
Q1 2024
Adj. OIBDA¹
69.7 RUB
bn
Q1 2024
Net income
1.5 RUB
bn
Q1 2024
In Q1 2024, Sistema's consolidated revenue grew by 24.7% YoY, to RUB 272.9bn.
The Group's adjusted OIBDA in Q1 2024 reached RUB 69.7bn, up 7.2% YoY.
Net income totalled RUB 1.5bn.
The Group's capital expenditures for the first three months of 2024 totalled RUB 39.0bn.
Net financial liabilities of the Corporate Centre² equalled RUB 268.6bn.
Key events in Q1 2024 and after the reporting period:
Annual General Meeting of shareholders of Sistema approved payment of dividends for 2023 in the amount of RUB 5,018m, i.e. RUB 0.52 per ordinary share.
At the end of April, the Group's bank had an IPO, raising RUB 11.5bn. Its market capitalisation at the start of trading was RUB 86.6bn.
In order to refinance its debt portfolio, Sistema successfully placed two bond issues to a record amount of RUB 24bn. The bonds have variable coupons tied to the key rate of the Russian Central Bank and RUONIA.
The spread for bonds tied to RUONIA was 240 b.p.; the maturity is 4 years. The spread for bonds tied to the key rate was 220 b.p.; the maturity is 4.25 years.
For further information, please visit www.sistema.comor contact:
IR Service | Press Service |
Phone: +7 (495) 730 66 00 | Phone: +7 (495) 730 17 05 |
IR@sistema.ru | PR@sistema.ru |
Sistema PJSFC is a publicly traded Russian investment company with a diversified portfolio of assets. The company was founded in 1993. Its total assets as of 31 March 2024 totalled RUB 2.5tn. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.com
(1) Q1 2024 OIBDA is adjusted for one-offnon-cash effects from profit/losses of associated companies and impairment of financial and non-financial assets.
2 | (2) The Corporate Centre's data is based on management accounts. |