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Sistema Holding posts 15% increase in IFRS revenues over 9M 2023

Sistema is the holding with the diversified asset portfolio in such sectors as telecommunications, high technologies, IT, as well as e-commerce

MOSCOW, December 13. /TASS/. Consolidated revenues of Sistema Holding under the International Financial Reporting Standards (IFRS) gained almost 15% over nine months of 2023 and totaled 747.6 bln rubles ($8.3 bln) the Russian holding reports.

Consolidated revenues in the third quarter of this year gained 18.2% to 280.8 bln rubles ($3.1 bln), the company reports.

The adjusted OIBDA moved up by 6.8% quarterly in the third quarter of this year and totaled 74.9 bln rubles ($832.7 mln). OIBDA edged up by 3.1% within nine months of 2023 and totaled 232.5 bln rubles ($2.6 bln).

Sistema is the holding with the diversified asset portfolio in such sectors as telecommunications, high technologies, IT, e-commerce, lumber processing, agriculture, real estate, tourism, pharmaceuticals and medical services.

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