EquityStory.RS, LLC-News: Mobile TeleSystems PJSC
/ Key word(s): Quarter Results
19.11.2019 / 15:00 MSK
The issuer is solely responsible for the content of this announcement.
MTS Announces Q3 2019 Results
November 19, 2019
Q3 2019 HIGHLIGHTS
in RUB bn unless indicated otherwise
| MTS Group - Key figures |
Q3 2019 |
Q3 2018 |
Change, % |
| Revenue |
133.9 |
128.0 |
4.6% |
| o/w Russia |
121.9 |
119.1 |
2.4% |
| OIBDA |
62.8 |
59.3 |
5.9% |
| o/w Russia |
57.3 |
55.5 |
3.2% |
| Operating profit |
35.9 |
32.8 |
9.3% |
| Profit/loss attributable to owners of the Company |
18.4 |
-37.0 |
n/a |
| Cash CAPEX |
21.8 |
21.2 |
2.9% |
| Net debt [1] |
307.0 |
226.9 |
35.3% |
| Net debt / LTM Adjusted OIBDA [2] |
1.6x |
1.2x |
n/a |
| 9M 2019 highlights |
9M 2019 |
9M 2018 |
Change, % |
| Operating cash flow |
70.3 |
110.2 |
-36.3% |
| Free cash flow |
11.6 |
40.3 |
-71.3% |
| Free cash flow excl. SEC/DOJ payment |
67.2 |
40.3 |
66.6% |
Alexey Kornya, President & CEO, commented on the results:
"I am happy to report that in Q3 we successfully maintained our momentum and delivered another quarter of solid results. Total Group revenue was up 4.6% year-over-year, reaching 133.9 billion rubles, with a notable top-line contribution from MTS Bank. Moreover, we saw OIBDA growth accelerate to 5.9% year-over-year, with OIBDA standing at 62.8 billion rubles for the quarter.
Given our strong year-to-date results and improved visibility toward our full-year performance, we feel confident in raising our 2019 guidance to 6-7% growth in revenue and 4-5% growth in OIBDA.
Alongside continued solid operational performance, we also delivered meaningful progress on our strategic initiatives to expand beyond connectivity and strengthen our position as a leading provider of digital services. In August, we had multiple appointments to key roles within our re-aligned, matrix-based organizational structure, strengthening our business verticals and enabling functions, as well as attracting new talent into growth areas. Going forward, I have full confidence in both our team and our strategy.
Heading into the final stretch of the year, we are well-positioned to deliver a strong close to 2019 for the benefit of our shareholders."
More information at: http://ir.mts.ru/investors/financial-center/financial-results/default.aspx
[1] Excluding lease obligations
[2] Excluding the effects of new IFRS 15 and 16
19.11.2019 MSK Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
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