Revenue of the Group¹

RUB bln

¹  Revenue is calculated taking into account intercompany operations, the amounts may differ as a result of rounding. Financial results for 2020 and 2021 have been restated due to the deconsolidation of NVision a.s. (Czech Republic).

² Retail – RTC JSC, 100% subsidiary of MTS, provides customer service and sells SIM cards, services, products of the MTS ecosystem, gadgets and other devices in retail stores.

Top-line growth constrained by sales of handsets

• In 2022, the Group’s revenue increased slightly year-on-year due to positive contributions from Telecom, Fintech and Media services
• The decline in sales of phones and accessories due to import restrictions significantly limited revenue growth, but had a weak impact on the Group’s OIBDA
• The positive contribution of the Fintech vertical was mainly provided by the growth of Bank’s retail loan portfolio and commission income.

Information on the consolidated financial and operating results of MTS Group for Q4 2022 and entire 2022 is available on the company’s website