MOSCOW, Russia — MTS (NYSE: MBT; MOEX: MTSS), Russia’s leading telecommunications operator and digital services provider, today announces its financial and operating results for Q3 2019.

MTS continued to demonstrate solid performance in Q3 2019, with Group revenue increasing 4.6% year-over-year, reaching RUB 133.9 bn. The main drivers were mobile service revenue in Ukraine and Russia, as well as strong revenue dynamics on the part of MTS Bank. In addition, Group OIBDA saw growth accelerate from the prior quarter to 5.9% year-over-year, reaching RUB 62.8 bn in Q3.

MTS President & CEO Alexey Kornya commented: “I am happy to report that in Q3 we successfully maintained our momentum and delivered another quarter of solid results. Given our strong year-to-date results and improved visibility toward our full-year performance, we feel confident in raising our 2019 guidance to 6-7% growth in revenue and 4-5% growth in OIBDA. Heading into the final stretch of the year, we are well-positioned to deliver a strong close to 2019 for the benefit of our shareholders.”

The company will be holding a webcast later today at 18:00 Moscow time to discuss the results.

Click here for webcast

Press Release (3.22 MB)

Presentation (1,81 MB)

Summary Financials (320 KB)

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For further information, please contact in Moscow:

Investor Relations Department 
Mobile TeleSystems PJSC 
Tel: +7 495 223 2025 
E-mail: ir@mts.ru