Fixed Income Analysis /

Silknet Eurobond call in April 2022 highly likely

  • Silknet released audited 1H21 results, generating GEL 197.8mn (+6.9% y/y) in revenue and GEL 100mn EBITDA

  • Mobile data continues to drive the growth in 1H21, however favorable results are also seen in other segments

  • Profitability margins slightly deteriorated in 1H21, with adjusted EBITDA margin at 53.9% in 1H21 vs 55.2% in 1H20

Ana Nachkebia
Ana Nachkebia

Senior Analyst - Fixed income, Transportation, Telecommunications, Construction

Eva Bochorishvili
Galt & Taggart
29 September 2021
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