LONDON, April 14, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free earnings review on Mobile TeleSystems OJSC (NYSE: MBT). On March 17, 2015, the company reported its financial results for Q4 FY14 and full-year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Mobile%20TeleSystems&d=14-Apr-2015&s=MBT to read our free earnings review on Mobile TeleSystems OJSC (Mobile TeleSystems). The company's consolidated group revenue grew 2.3% Y-o-Y in Q4 FY14 and 3.1% Y-o-Y for full-year FY14. President and CEO of Mobile TeleSystems, Andrei Dubovskov, stated that the company delivered strong revenue growth in its business units in Russia and Turkmenistan, but saw a slight decline in Armenia and sustained weakness in its operations in Ukraine due to macroeconomic and political factors. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Mobile%20TeleSystems&d=14-Apr-2015&s=MBT
Earnings Overview
During Q4 FY14, Mobile TeleSystems' consolidated group revenue rose to RUB 107.19 billion from RUB 104.75 billion in Q4 FY13. The company's Q4 FY14 consolidated group revenue outperformed Bloomberg analysts' forecasts of RUB 106.96 billion. Mobile TeleSystems' consolidated service revenue and connection fees came in at RUB 98.06 billion in Q4 FY14 compared to RUB 96.95 billion in Q4 FY13. The company's consolidated sale of handsets and accessories contributed RUB 9.13 billion to total revenues in Q4 FY14 compared to RUB 7.80 billion in Q4 FY13. Furthermore, Mobile TeleSystems' total revenue in Russia increased 4.1% to RUB 98.04 billion in Q4 FY14 from RUB 94.15 billion in Q4 FY13.
In Q4 FY14, Mobile TeleSystems' consolidated net operating income was RUB 21.18 billion compared to RUB 27.22 billion in Q4 FY13. Net income attributable to the group stood at RUB 1.65 billion, or RUB 0.83 per share, for Q4 FY14 compared to RUB 19.75 billion, or RUB 9.93 per share, in Q4 FY13. Analysts from Bloomberg had expected the company to report net income attributable to the group of RUB 5.87 billion, in the reported quarter. Free research on MBT can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Mobile%20TeleSystems&d=14-Apr-2015&s=MBT
For FY14, Mobile TeleSystems' consolidated group revenue stood at RUB 410.76 billion compared to RUB 398.44 billion in FY13. The company's consolidated group revenue for FY14 outperformed Bloomberg analysts' forecasts of RUB 409.27 billion. The consolidated service revenue and connection fees contributed RUB 381.82 billion to total revenues in FY14 compared to RUB 371.95 billion in FY13. Moreover, the company's consolidated revenue from sale of handsets and accessories in FY14 was RUB 28.94 billion compared to RUB 26.49 billion in FY13. In FY14, Mobile TeleSystems' total revenue in Russia grew 5.6% to RUB 374.90 billion from RUB 354.89 billion in FY13.
During FY14, Mobile TeleSystems' consolidated net operating income came in at RUB 102.35 billion compared RUB 101.76 billion in FY13. Net income attributable to the group was RUB 51.82 billion, or RUB 26.06 per share, in FY14 compared to RUB 79.84 billion, or RUB 40.14 per share, in FY13. For FY14, analysts from Bloomberg had expected net income attributable to the group of RUB 64.23 billion.
In FY14, Mobile TeleSystems' consolidated net cash provided by operating activities was RUB 159.52 billion compared to RUB 159.38 billion in FY13. As of December 31, 2014, Mobile TeleSystems had cash and cash equivalents of RUB 61.41 billion versus and RUB 30.61 billion as of December 31, 2013. Sign up and read the free analyst's notes on MBT at:
http://get.Investor-Edge.com/pdf/?c=Mobile%20TeleSystems&d=14-Apr-2015&s=MBT
Mr. Dubovskov concluded that despite the challenges, over the past year, the company saw core revenue growth in its markets; generally stable market shares among key competitors; sustained levels of investment; and strong levels of profitability. This gives the company confidence looking ahead to 2015 and beyond, he added.
In its outlook for full-year FY15, Mobile TeleSystems expects group revenue to increase by more than 2% and anticipates group OIBDA (operating income before depreciation and amortization) margin to be greater than 40%. The company expects total Russia revenue to increase by more than 3% and anticipates Group CAPEX spending to be approximately RUB 85 billion. Visit Investor-Edge and access the latest research on MBT at:
http://get.Investor-Edge.com/pdf/?c=Mobile%20TeleSystems&d=14-Apr-2015&s=MBT
Stock Performance
On the day of the earnings release, March 17, 2015, Mobile TeleSystems' stock gained 3.47% to end the session at $9.55. Since then, the stock has mostly witnessed a positive momentum. On the last close, Monday, April 13, 2015, Mobile TeleSystems' shares finished 0.36% higher at $11.11. The company's shares vacillated between $11.04 and $11.44 during the session. A total of 1.71 million shares were traded which was below their three months average volume of 3.69 million shares. The stock has advanced 0.54% in the previous three trading sessions. Further, over the last one month and over the past three months, the company's shares have surged 18.44% and 36.99%, respectively. Shares in Mobile TeleSystems closed above their 50-day moving average of $9.68. Furthermore, the stock has a Relative Strength Index (RSI) of 67.79.
Sneak Peek to Corporate Insider Trading
In the last one month, Mobile TeleSystems has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on MBT is available at:
http://get.Investor-Edge.com/pdf/?c=Mobile%20TeleSystems&d=14-Apr-2015&s=MBT
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