Earnings Report /
Russia

MTS: Healthy 1Q21 results, guidance reiterated – Neutral

  • Results came in 0.6-1.7% better than our and consensus estimates on revenue and 4.1-3.5% better on OIBDA

  • Moderate 2.3% y/y expansion in Russian mobile revenue was expected

  • FL reports solid 4%+ growth, MTS Bank’s revenue came in above expectations; solid retail sales

Anna Kurbatova
Anna Kurbatova

Senior Analyst, TMT & Agro

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

Alfa
18 May 2021
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