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Mobile TeleSystems PJSC: Q3 2019 Financial & Operating Results

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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