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MTS grows revenues 4% in Q3
2013-11-19 13:50:00| Telecompaper Headlines
(Telecompaper) Russia and CIS mobile operator MTS reported third-quarter revenues grew by 4 percent year-on-year to RUB 103.4 billion. In its home market Russia, revenues rose 3.7 percent to RUB 91.5 billion, and mobile services revenues were up 6 percent to RUB 70.3 billion. The company also got a boost from 45 percent growth in data service revenues, to RUB 13 billion. Group OIBDA increased by 5 percent to RUB 46.3 billion, and the OIBDA margin grew by 0.3 percentage points to 44.8 percent. OIBDA totaled RUB 41.5 billion in Russia, up by 3.6 percent. MTS said the results support its full-year outlook for at least 5 percent revenue growth and an OIBDA margin of at least 43 percent. Quarterly net profit reached RUB 18.079 billion, down by 10.4 percent due to a forex gain in the year-earlier period. Free cash flow for the first nine months of the year totaled RUB 72.2 billion, a 51 percent increase year-over-year. MTS said cash flow will come under pressure in Q4 when it steps up capital expenditure. Capex for the first nine months reached RUB 43.913 billion or 15 percent of revenues and MTS forecast this to grow to around 20 percent of revenue in the full year as it continues its LTE roll-out in Russia and GPON expansion in Moscow.
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Category:Telecommunications