Mobile TeleSystems PJSC: MTS Announces Q1 2022 Results
Mobile TeleSystems released its Q1 2022 financial results, showing a 8.5% increase in consolidated revenue year-over-year to RUB 134.4 billion. Adjusted OIBDA rose by 2.0% to RUB 56.5 billion, while net profit was RUB 3.9 billion. CEO Viacheslav Nikolaev highlighted the company's resilience and focus on reliable services amidst a challenging environment. Despite positive revenue growth, operating profit decreased by 6.7% to RUB 26.7 billion, and net profit fell by 76.2% from RUB 16.2 billion in Q1 2021.
- Consolidated revenue increased 8.5% to RUB 134.4 billion.
- Adjusted OIBDA rose 2.0% to RUB 56.5 billion.
- Net profit decreased by 76.2% to RUB 3.9 billion.
- Operating profit declined by 6.7% to RUB 26.7 billion.
- Q1 2022 Consolidated Group Revenue increased
8.5% year-over-year to RUB 134.4 bn. - Q1 2022 Group Adjusted OIBDA [1] increased
2.0% year-over-year to RUB 56.5 bn. - Q1 2022 Group Net Profit [2] amounted to RUB 3.9 bn.
MOSCOW, RUSSIA / ACCESSWIRE / May 18, 2022 / Mobile TeleSystems Public Joint Stock Company ("MTS" or "the Company") (NYSE:MBT; MOEX:MTSS), Russia's largest mobile operator and a leading provider of media and digital services, announces its first-quarter 2022 financial and operating results.
In Q1 2022, Consolidated Group Revenue increased
Viacheslav Nikolaev, President & CEO, commented: "In Q1 2022, MTS demonstrated steady execution amid an evolving external environment, delivering solid results across many key financial indicators. Our combination of a robust, resilient core telecom business together with emerging high-potential digital verticals has proven once again to be a firm foundation for our continued long-term development. In the current environment, we remain laser focused on ensuring daily business continuity, maintaining ample liquidity and a strong balance sheet, and providing reliable, uninterrupted high-quality services for our customers. I remain confident in our ability to navigate challenges and am happy to once more reaffirm our commitment to deliver for all of our stakeholders."
Consolidated MTS Group key figures (RUB bn)
| 1Q22 | 1Q21 | Change, % | ||||||||||
Revenue | 134.4 | 123.9 | 8.5 | % | ||||||||
o/w Russia[4] | 130.0 | 120.8 | 7.6 | % | ||||||||
Adjusted OIBDA[5] | 56.5 | 55.4 | 2.0 | % | ||||||||
o/w Russia | 54.9 | 54.1 | 1.5 | % | ||||||||
Operating profit | 26.7 | 28.6 | -6.7 | % | ||||||||
Profit attributable to owners of the Company | 3.9 | 16.2 | -76.2 | % | ||||||||
Cash CAPEX[6] | 37.3 | 29.3 | 27.2 | % | ||||||||
Net debt[7] | 431.0 | 336.3 | 28.2 | % | ||||||||
Net debt / LTM Adjusted OIBDA | 1.9 | 1.5 | 26.7 | % | ||||||||
3M 2022 highlights | 3M22 | 3M21 | Change, % | |||||||||
Operating cash flow | 9.0 | 14.3 | -37.0 | % | ||||||||
Free cash flow ex-Bank & cash proceeds from sale of VF Ukraine | -20.0 | 11.3 | n/a | |||||||||
[1] Adjusted OIBDA for 1Q 2022 doesn't include a loss from impairment of non-current assets of RUB 207 mln.
[2] Attributable to owners of the Company
[3] Financial results of operating segment «Media» are presented within «Other» category in the Group's consolidated financial statements
[4] Figures for 1Q21 have been adjusted for separate presentation of operations in Czech Republic.
[5] Adjusted OIBDA for 1Q 2022 doesn't include a loss from impairment of non-current assets of RUB 207 mln.
[6] Net of cash proceeds under sharing agreement.
[7] Excluding lease obligations.
Additional features:
File: MTS Announces Q1 2022 Results
SOURCE: Mobile TeleSystems PJSC
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