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30 May 2019

MegaFon reports results for Q1 2019

Moscow, Russia (30 May 2019) — PJSC “MegaFon” (“MegaFon” or the “Company” and, together with its consolidated subsidiaries, the “Group”) (MOEX: MFON), a pan-Russian operator of digital opportunities, announces its financial1 and operating results for Q1 2019.

Key financial and operating highlights for Q1 20192

  • Revenue increased by 4.8% y-o-y3 to RUB 80,128 million
  • Including the positive impact of IFRS 16 OIBDA increased by 15.2% y-o-y to RUB 35,226 million and organic OIBDA was RUB 30,189 million
  • OIBDA Margin was 44.0% and organic OIBDA Margin was 37.7% versus 40.0% in Q1 2018
  • Net Profit including the impact of IFRS 16 decreased by 63.8% y-o-y to RUB 2,187 million and organic Net Profit decreased by 49.7% y-o-y to RUB 3,036 million
  • CAPEX decreased by 6.2% y-o-y to RUB 7,963 million
  • Free Cash Flow to Shareholders4 increased by RUB 12,218 million y-o-y and amounted to RUB 12,065 million
  • Net Debt as of 31 March 2019 was RUB 363,294 million
  • The number of mobile subscribers5 as of 31 March 2019 increased by 0.9% y-o-y to 76.9 million

1 Based on the interim unaudited condensed consolidated financial statements for Q1 2019 reviewed by JSC KPMG.
2 See Schedule 1 for definitions of the terms used and Schedule 2 for the reconciliation of Non-IFRS measures. Due to rounding actual numbers and calculations for financials and KPIs may differ from those set forth in this release.
3 Year over year (“y-o-y”) stands for the same periods in the current and previous year on either a quarterly or yearly basis.
4 This is shown without taking into account the effect of the IFRS 16 implementation.
5 Includes subscribers of the Company in Russia and the subscribers of its subsidiaries: “TT mobile” CJSC in the Republic of Tajikistan, “AQUAFON-GSM” CJSC in the Republic of Abkhazia and “OSTELEKOM” CJSC in the Republic of South Ossetia.

Download full press release in PDF

Operational and Financial Data Pack

Download Q1 2019 Results presentation

For more information

Investors: Dmitry Kononov
Director of Investor Relations and M&A
dkononov@megafon.ru
+ 7 925 696-64-90
Media: Artem Lebedev
Director for Corporate Communications
artem.lebedev@megafon.ru
+ 7 925 696-06-77
All news

Other news

7 June 2019

Completion of the squeeze-out procedure with respect to ordinary shares of PJSC MegaFon

Moscow, Russian Federation (7 June 2019) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces the completion of the compulsory acquisition of ordinary shares of MegaFon by “MegaFon Finance” LLC (“MegaFon Finance”), a wholly-owned subsidiary of MegaFon, pursuant to the squeeze-out request received by MegaFon on 17 April 2019 (the “Squeeze-out Request” and the “Squeeze-out”, accordingly).
5 June 2019

Alibaba Group, MegaFon, Mail.ru Group and RDIF Announce Signing of Definitive Documents for Joint Venture in Russia and the CIS

Moscow, Russian Federation (June 5, 2019) — Alibaba Group (NYSE: BABA), a global digital commerce company, PJSC “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities, Mail.ru Group (MAIL.LI), the leading internet and IT company in Russia, and Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, have received approval from the Federal Antimonopoly Service (FAS) in Russia for a joint venture to integrate Russia’s key consumer internet and e-commerce platforms and launch a leading social commerce joint venture in Russia and the CIS, which will operate in compliance with local data protection regulations.
17 April 2019

Squeeze-out request made by MegaFon Finance in respect of ordinary shares of PJSC MegaFon

Moscow, Russian Federation (17 April 2019) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that on 17 April 2019, following preliminary notice to the Bank of Russia, the Company received from “MegaFon Finance” LLC (“MegaFon Finance”) a squeeze-out request requiring the shareholders of the Company, other than MegaFon Finance and its affiliates, to sell all of their ordinary shares of MegaFon to MegaFon Finance (“Squeeze-out Request” and “Squeeze-out”, accordingly).