Mobile TeleSystems PJSC: MTS Announces Fourth Quarter and Full Year 2021 Results | 2022-03-03 | Press Releases

  • The group’s consolidated revenue for the 2021 financial year increased by 8.0% year-on-year to 534.4 billion rubles.
  • The group’s adjusted OIBDA for the 2021 financial year rose 6.6% year-on-year to 229.4 billion rubles.
  • The group’s net profit for the 2021 financial year rose 3.4% year-on-year to 63.5 billion rubles.

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 digital media and services, announces its financial and operating results for the fourth quarter and full year 2021.

For the full year, the company delivered strong performance, in line with its previously provided guidance for 2021. Group revenue in 2021 increased by 8.0% year-on-year to reach 534.4 billion rubles, with high-level contributions in all segments, including telecommunications. , Fintech and Media. The group’s adjusted OIBDA for fiscal year 2021 rose 6.6% year-on-year to 229.4 billion rubles on strong business performance in telecoms, fintech and media, among other impacts.

The group’s net profit increased by 3.4% year-on-year in 2021 to reach 63.5 billion rubles, mainly thanks to the performance of the core business and a significant positive impact from Fintech, which more than offset the negative impacts. The group’s cash CAPEX in 2021 amounted to 111.0 billion rubles.

Viacheslav Nikolaev, President and CEO, said: “2021 was a landmark year for MTS as we accelerated our progress in priority directions, including deepening engagement in our expanding digital ecosystem. achieved 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 telecommunications, we continued to build on our track record of strong and sustainable growth in mobile and fixed connectivity. These accomplishments further demonstrate our successful and continued execution of our long-term strategy to drive lifetime value across our established customer base of tens of millions of customers.

MTS Group Consolidated Key Figures [1] (billion rubles)

4Q21 4T20 Change, % EX 21 EX 20 Change, %

Income

143.7 133.7 7.5 % 534.4 494.9 8.0 %

of which 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 %

of which Russia

54.4 51.2 6.3 % 224.4 210.0 6.8 %

Operating result

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 / OIBDA Adjusted LTM

1.7 1.5 n / A

2021 Highlights

Operating cash flow

142.8 155.5 -8.1 %

Free cash flow ex-Bank and cash proceeds from the sale of VF Ukraine

53.9 62.1 -13.2 %

[1] The 2020 financial statements have been restated due to the deconsolidation of NVision Group.

[2] The adjusted OIBDA for 4Q2020 and 2020 does not include an impairment loss on non-current assets of RUB 808 million and RUB 2,088 million respectively.

[3] Net of cash proceeds under the sharing agreement.

[4] Excluding rental obligations.

THE SOURCE: PJSC mobile telesystems

See the source version on accesswire.com:

https://www.accesswire.com/691390/Mobile-TeleSystems-PJSC-MTS-Announces-Q4-FY-2021-Results

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