Mobile TeleSystems PJSC: Q3 2019 Financial & Operating Results

ACCESS Newswire
19 Nov 2019, 17:49 GMT+10

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

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