MBT - Mobile TeleSystems PJSC: MTS Announces Q4 & FY 2021 Results
- FY 2021 Consolidated Group Revenue increased 8.0% year-over-year to RUB 534.4 bn.
- FY 2021 Group Adjusted OIBDA increased 6.6% year-over-year to RUB 229.4 bn.
- FY 2021 Group Net Profit increased 3.4% year-over-year to RUB 63.5 bn.
MOSCOW, RUSSIA / ACCESSWIRE / March 3, 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 fourth-quarter and full-year 2021 financial and operating results.
For the full-year, the Company delivered robust performance in line with its previously provided guidance for 2021. Group Revenue in 2021 increased 8.0% year-over-year to reach RUB534.4bn, with top-line contributions across all segments, including Telecom, Fintech, and Media. FY 2021 Group Adjusted OIBDA increased 6.6% year-over-year to RUB 229.4 bn on the back of solid business performance in Telecom, Fintech, and Media, among other impacts.
Group Net Profit increased 3.4% year-over-year in 2021 to reach RUB 63.5 bn, driven primarily by core business performance and a significant positive impact from Fintech, which more than overcame negative impacts. Group Cash CAPEX in 2021 amounted to RUB 111.0 bn.
Viacheslav Nikolaev, President & CEO, commented: "2021 was landmark year for MTS as we accelerated our progress in priority directions - most notably deepening engagement across our expanding digital ecosystem. Overall, I am happy to report we delivered a robust set of financial results from the top to the bottom line. We had a key strategic breakthrough in Media with the launch of our KION platform, and in Fintech, MTS Bank is rapidly achieving significant standalone scale with a proven business model. And in Telecom, we continued to build on our track record of solid, sustainable growth in mobile and fixed-line connectivity. These achievements once more demonstrate our continued successful execution of our long-term strategy to drive lifetime value across our established client base of tens of millions of customers."
Consolidated MTS Group key figures [1] (RUB bn)
4Q21 |
4Q20 |
Change, % |
FY 21 |
FY 20 |
Change, % |
Revenue |
143.7 |
133.7 |
7.5 |
% |
534.4 |
494.9 |
8.0 |
% |
o/w Russia |
140.1 |
130.0 |
7.7 |
% |
521.0 |
483.0 |
7.9 |
% |
Adjusted OIBDA [2] |
55.5 |
52.5 |
5.7 |
% |
229.4 |
215.2 |
6.6 |
% |
o/w Russia |
54.4 |
51.2 |
6.3 |
% |
224.4 |
210.0 |
6.8 |
% |
Operating profit |
25.8 |
26.1 |
-1.2 |
% |
118.3 |
112.9 |
4.8 |
% |
Profit attributable to owners of the Company |
13.6 |
13.1 |
3.9 |
% |
63.5 |
61.4 |
3.4 |
% |
Cash CAPEX [3] |
22.8 |
33.2 |
-31.4 |
% |
111.0 |
96.9 |
14.5 |
% |
Net debt [4] |
389.5 |
317.6 |
22.6 |
% |
Net debt / LTM Adjusted OIBDA |
1.7 |
1.5 |
n/a |
2021 highlights |
Operating cash flow |
142.8 |
155.5 |
-8.1 |
% |
Free cash flow ex-Bank & cash proceeds from sale of VF Ukraine |
53.9 |
62.1 |
-13.2 |
% |
[1] Financials for 2020 have been restated due to the deconsolidation of NVision Group.
[2] Adjusted OIBDA for 4Q2020 and 2020 doesn't include a loss from impairment of non-current assets of RUB 808 m and RUB 2,088 m respectively.
[3] Net of cash proceeds under sharing agreement.
[4] Excluding lease obligations.
SOURCE: Mobile TeleSystems PJSC
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