MTS’ Q2 revenue grows 9.4% in ruble terms

21 Aug 2019

Russian telecoms group MTS’ consolidated revenue reached RUB125.1 billion (USD1.9 billion) in the three months ended 30 June 2019, up by 9.4% year-on-year, including operations in Russia, Ukraine, Armenia and Belarus. Operating income before depreciation and amortisation (OIBDA) climbed 4.1% to RUB56.1 billion in Q2 while net profit attributable to owners of the company dropped 11.0% to RUB12.7 billion. Quarterly CAPEX spending increased by 29.1% to RUB22.7 billion.

Russia accounted for 92% of MTS’ 2Q19 sales, with total Russian revenue improving 8.4% y-o-y to RUB115.3 billion and the division’s OIBDA climbing 2.3% to RUB52.3 billion (93% of the group total). Russian mobile service revenue grew 1.7% y-o-y to RUB79.7 billion, as smartphone penetration on MTS’ network reached 72.5% and mobile internet penetration reached 61.3%, although fixed services revenue dropped 1.2% to RUB15.0 billion.

In Ukraine, MTS’ Vodafone-branded subsidiary accelerated its revenue growth to 20.7% y-o-y, posting UAH3.8 billion (USD149 million) sales in Q2 on the back of surging mobile data consumption. Ukrainian OIBDA climbed 13.8% to UAH2.0 billion in the three-month period. Quarter-on-quarter, Ukrainian mobile subscribers were reported to have remained virtually static at 19.6 million, while 4G data services users reached 3.7 million (out of a total 9.6 million data users).

Russia, Ukraine, Mobile TeleSystems (MTS), Vodafone Ukraine