IFRS financial results
Q2 2024
SisteSistemaa PJSFCPJSFC||IFRSIFRSfinancialfinancialresultsresultsforforQ23 20222024
Moscow, Russia - 29 August 2024 - Sistema PJSFC (hereinafter, "Sistema", the "Corporation" or, together with its subsidiaries and affiliates, 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 second quarter of 2024 (Q2 2024) that ended on 30 June 2024.
Revenue
302.1 RUB
bn
Q2 2024
Adj. OIBDA¹
91.8 RUB
bn
Q2 2024
Net income
2.9 RUB
bn
Q2 2024
In Q2 2024, Sistema's consolidated revenue grew by 24.3% YoY, to RUB 302.1bn.
The Group's adjusted OIBDA¹ in Q2 2024 reached RUB 91.8bn, up 26.8% YoY.
The Corporation's net income in Q2 2024 amounted to RUB 2.9bn.
The Group's capital expenditures for Q2 2024 totalled RUB 43.4bn.
The Corporate Centre's net financial liabilities² equalled RUB 256.5bn.
Key events in Q2 2024 and after the reporting period:
Sistema paid RUB 4.9bn in dividends for 2023, i.e. RUB 0.52 per ordinary share.
Expert RA and ACRA rating agencies confirmed Sistema's credit ratings at ruAA- and AA-(RU) respectively, with a stable outlook.
In order to refinance its debt portfolio, Sistema successfully placed a bond issue with a nominal amount of RUB 11.5bn and a variable coupon linked to the Bank of Russia's key rate, with a spread of 220 bps and maturity of 4.25 years.
For further information, please visit www.sistema.comor contact:
IR Service | Press Service |
Phone: +7 (495) 737 01 01 | 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 30 June 2024 totalled RUB 2.5tn. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.com
- Q2 2024 OIBDA is adjusted for impairment of financial and non-financial assets.
2 (2) The Corporate Centre's net financial liabilities are calculated on the basis of management accounts as borrowings less cash and cash equivalents and investments in financial assets at the Corporate Centre level.