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SSA - AFK Sistema PAO News Story

$5.69 0.3  5.4%

Last Trade - 10:53am

Sector
Telecoms
Size
Mid Cap
Market Cap £1.97bn
Enterprise Value £9.20bn
Revenue £6.57bn
Position in Universe 272nd / 1819

BRIEF-Russia's MTS lowers full-year guidance

Tue 26th May, 2020 1:02pm
May 26 (Reuters) - Russia's biggest mobile phone operator
MTS  MBT.N  says: 
    * Q1 adjusted OIBDA at 51.5 billion roubles, up 1.6% year on
year;
    * Q1 net profit at 17.7 billion roubles, up 0.8% year on
year;
    * Q1 revenue up 8.9% year on year to 119.6 billion roubles;
    * "While we remain confident in the resilience of our core
business, given ongoing travel restrictions and public safety
measures that are impacting us-particularly in mobile roaming,
financial services, and retail - as well as the increased
uncertainty in the current environment, we are revising our
guidance downward to flat to 3% growth in revenue and -2% to
flat in Adjusted OIBDA, while maintaining our cash CAPEX
guidance of around 90 billion roubles," chief executive Alexey
Kornya was cited as saying. 

 Source text for Eikon:  urn:newsml:reuters.com:*:nEQ9fM9gMa
 Further company coverage:  MTSS.MM 

 (Reporting by Moscow Newsroom)
 ((moscow.newsroom@thomsonreuters.com; +74957751242;))
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