MTS sees revenue growth slowing from 9% in Q1

Tuesday 26 May 2020 | 15:58 CET | News
Revenues of Russian operator MTS increased by 8.9 percent year-on-year to RUB 119.6 billion in the first quarter, led by solid growth in its home market. Group adjusted OIBDA rose 1.6 percent to RUB 51.5 billion, and net profit increased by 0.8 percent to RUB 17.7 billion. Nevertheless, MTS lowered its outlook for the full year due to the uncertain economic outlook, saying it now expects revenues flat to 3 percent higher and OIBDA flat to 2 percent lower. Capex is still expected at around RUB 90 billion, after increased spending of RUB 19.9 billion in Q1.

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Categories: Mobile & Wireless
Companies: MTS
Countries: Russian Federation
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