MTS Announces Q4 and FY2022 Results
- Q4 2022 Consolidated Group Revenue increased 1.6% year-over-year to RUB 144.4 bn. Consolidated revenue for FY 2022 increased 2.6% to RUB 541.7 bn.
- Q4 2022 Group OIBDA amounted to RUB 55.6 bn. Group Adjusted OIBDA1 for FY 2022 amounted to RUB 224.3 bn.
- Q4 2022 Group Net Profit amounted to RUB 5.4 bn. Group Net Profit for FY 2022 reached RUB 32.6 bn.
MOSCOW, March 3, 2023 — Mobile TeleSystems Public Joint Stock Company (“MTS” or “the Company”) (MOEX: MTSS), a leading provider of digital and media services and Russia’s largest mobile operator, announces its fourth-quarter and full-year 2022 financial and operating results.
In Q4 2022, Consolidated Group Revenue increased 1.6% year-over-year to RUB 144.4 bn, driven primarily by the Company’s Telecom, Fintech and Media segments.3 Group OIBDA in Q4 2022 amounted to RUB 55.6 bn, supported by growth in telecom, fintech and media services. Group Net Profit in Q4 2022 amounted to RUB 5.4 bn.
Viacheslav Nikolaev, President & CEO, commented: “In 2022, we maintained stable operations in a changing environment. In the current situation, our focus is to provide quality services to our customers without interruption and to ensure business continuity.
“We bolstered our leading position in B2B telecoms in 2022. We had the largest market share in terms of M2M/IoT connectivity and publicly announced private LTE projects. I would also like to highlight the growth or our AdTech segment and the launch of our Exolve platform, which enables customers to create their own high-performance communication services.
“It is also important to stress that we chose the right strategy in developing an ecosystem of digital products based on a robust telecom platform. In 2022, MTS ecosystem revenue increased by 67% and amounted to more than RUB 100 bn. Despite the high degree of external uncertainty, our digital segments—MTS Media, MTS Entertainment and others—continue to grow. We can also note the success of new business streams and products, such as MTS Travel and MTS Stroki.
“In February 2023, sanctions were imposed on some of our subsidiaries by a number of foreign governments. We are currently examining the impact of these measures on our business. Company’s management takes the appropriate measures to mitigate the related negative effects”.