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, %|
|Profit/loss attributable to owners of the Company||18.4||-37.0||n/a|
|Net debt ||307.0||226.9||35.3%|
|Net debt / LTM Adjusted OIBDA ||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
 Excluding lease obligations
 Excluding the effects of new IFRS 15 and 16
SOURCE: Mobile TeleSystems PJSC
View source version on accesswire.com: