MTS Announces Q3 2019 Results
MOSCOW, RUSSIA / ACCESSWIRE / 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
SOURCE: Mobile TeleSystems PJSC
View source version on accesswire.com:
https://www.accesswire.com/567213/Mobile-TeleSystems-PJSC-Q3-2019-Financial-Operating-Results
