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EQS-News: Mobile TeleSystems PJSC: Q1 2019 Financial and Operating Results

EquityStory.RS, LLC-News: Mobile Telesystems PJSC / Key word(s): Quarter Results/Quarterly / Interim Statement


Mobile TeleSystems PJSC: Q1 2019 Financial and Operating Results (news with additional features)


23.05.2019 / 15:01 MSK



The issuer is solely responsible for the content of this announcement.


Mobile TeleSystems Announces Financial and Operating Results for the First Quarter 2019

May 23, 2019

 

Q1 2019 HIGHLIGHTS



MTS Group - Key figures (RUB bln)




 




Q1

2019




 




Q1

2018




 




Change,

%




Revenue




 




118.0




 




107.9




 




9.4%




of which: Russia




 




109.1




 




101.1




 




7.9%




OIBDA




 




55.3




 




52.1




 




6.0%




of which: Russia




 




51.7




 




49.6




 




4.2%




Operating profit




 




28.8




 




26.8




 




7.6%




Profit attributable to owners of the Company




 




17.6




 




15.4




 




14.1%




Cash CAPEX




 




16.6




 




16.7




 




-0.3%




Net debt [1]




 




292.4




 




204.1




 




43.2%




Net debt / LTM Adjusted OIBDA [2]




 




1.5x




 




1.1x




 




n/a




Operating cash flow




 




-16.1




 




35.7




 




n/a




Free cash flow




 




-31.4




 




13.9




 




n/a




Free cash flow excluding SEC/DOJ payment




 




24.2




 




13.9




 




73.8%



 

Alexey Kornya, President and Chief Executive Officer, commented on the results:

"MTS has kicked off 2019 with another strong quarter. Growth continued in most of our core markets, supported by the sustained trend in rising consumer demand for high-speed data, as well as increased financial services activity. Group Revenue in Q1 was up 9.4% to RUB 118.0 bln year-over-year, with strong top-line performance contributing to OIBDA growth of 6.0% year-over-year, reaching RUB 55.3 bln.

We also continue to move forward on our 3D strategy. Building out our data capabilities and sales channels of advanced devices provides a firm foundation for our ongoing core operational performance. Simultaneously, we are accelerating digital transformation to capture emerging growth opportunities, including in entertainment, home solutions, and cloud-based enterprise services. Finally, our new dividend policy reaffirms our long-term commitment to our global pool of investors, with the aim to pay at least RUB 28.0 per ordinary share (RUB 56.0 per ADS) each calendar year over the next three years.
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