Russia’s MTS lowers 2011 OIBDA margin forecast to 40% from 42%

MOSCOW, Sep 6 (PRIME) — Major Russian mobile operator has lowered its forecast for the OIBDA (operating income before depreciation and amortization) margin in 2011 to slightly above 40% from between 42% and 43% previously, MTS President Andrei Dubovskov told reporters Tuesday.

The previous forecast was made in April.

MTS adjusted OIBDA margin was at 40.1% in JanuaryJune, down from 44.5% in the same period of last year.

MTS plans to increase business margins by reducing sales of SIM cards, the operators Chief Financial Officer Alexei Kornya said.

The operator posted an adjusted OIBDA margin of 43.1% in 2010.


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