MTS reports strong financial results for Q3 2018

20/11/2018

Key figures

Group revenue increased 11.7% y-o-y to RUB 128bn, of which revenue for Russia was up 12% y-o-y to RUB119.1bn

Adjusted OIBDA grew 21.6% y-o-y to RUB 59.3bn (including impact of new IFRS standards)

 

Operating profit was up 19.1% y-o-y to RUB32.8

FY guidance

Amended FY forecast – 4-6% revenue increase

Adjusted OIBDA – 2% (outlook unchanged)

Other highlights

MTS consolidated MTS Bank

Acquisition of one of the largest data centers in Russia

Acquisition of stake in YouDo

Launch of Smart University

Introduction of digital advertising platform for SMEs

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