MOSCOW, Russia — MTS (NYSE: MBT; MOEX: MTSS), Russia’s leading telecommunications operator and digital services provider, today announces its financial and operating results for Q2 2019.

MTS saw strong overall performance, with Group revenue growing 9.4% year-over-year to reach RUB 125.1 bln and Group OIBDA up 4.1% to RUB 56.1 bln. Key top-line growth drivers were mobile service revenue in Ukraine and Russia, as well as software sales and integration services, in addition to the significant year-over-year impact from the consolidation of MTS Bank beginning in Q3 2018. Excluding the bank, Group revenue in Q2 2019 was up 4.5% year-over-year.

Group OIBDA grew 4.1% year-over-year in Q2, reaching RUB 56.1 bln, with positive OIBDA contributions from all geographic markets. OIBDA growth was primarily driven by operations in Russia and to a lesser extent Ukraine.

“We are happy to be entering the second half of the year having delivered another quarter of strong performance in Q2,” MTS President & CEO Alexey Kornya commented. “In our core telecommunications business, we are staying laser focused on operational rigor and lean management, while maintaining our flexibilty to pivot and adapt as needed to the evolving competitive landscape. To foster growth within our digital ecosystem, we are allocating top talent into emerging segments and more clearly structuring our new business lines. By better equipping and empowering our product teams, we can move faster in developing, launching, and scaling the new digital services that will power our future growth.”

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

Click here for webcast

Press Release (4.05 MB)

Presentation (2,50 MB)

Summary Financials (312 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