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:
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:
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:
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:
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:
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.