MOBILE TELESYSTEMS PJSC (NYSE:MBT) EQS-News: Mobile TeleSystems PJSC: MTS Announces Q4 & FY 2021 Results
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MTS Announces Q4 & FY 2021 Results March 3, 2022
MOSCOW, 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 RUB 534.4 bn, 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)
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. Additional features: File: MTS Q4 & FY 2021 Results Press Release
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