MTN Group Limited Quarterly update for the period ended 30 September 2021 1 MTN Group Limited
(Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) (Share code MTN)
(ISIN: ZAE000042164)
(MTN Group or MTN or the Group)
Quarterly update for the period ended 30 September 2021
MTN is a pan-African mobile operator with the strategic intent of ‘Leading digital solutions for Africa’s progress’. We have 272 million customers in 20 markets and are inspired by our belief that everyone deserves the benefits of a modern connected life.
Salient features Group service revenue up by 19.1%
Group data revenue up by 34.5%
Group fintech revenue up by 35.0%
Group earnings before interest, tax, depreciation and amortisation (EBITDA) up by 24.1%
Group EBITDA margin improved to 45.0% (from 42.9%) MTN South Africa service revenue up by 7.7%, with an EBITDA margin of 41.6% (from 39.3%) MTN Nigeria service revenue up by 23.5%, with an EBITDA margin of 52.6% (from 51.1%) Subscribers increased by 0.2 million to 271.9 million, impacted by new SIM registration regulations in Nigeria (ex-Nigeria subscribers were up 1.6 million) Active data subscribers increased by 4.1 million to 119.0 million Active MTN Mobile Money (MoMo) customers increased by 2.2million to 51.1 million MoMo value of transactions up by 67.2% YoY to US$175.5 billion Unless otherwise stated, financial growth rates are presented on a constant currency basis and are year-on-year (YoY, 9M to September 2021 vs 9M to September 2020). Non-financial growth rates are presented as quarter-on-quarter (QoQ, 3Q 21 vs 2Q 21). To enable like-for-like comparability, all growth rates for non-financials have been restated to exclude MTN Syria, which was deconsolidated from 25 February 2021.Service revenue excludes device and SIM card revenue. Data revenue is mobile and fixed access data and excludes roaming and wholesale. Fintech includes MoMo, insurance, airtime lending and e-commerce. Active data users is a count of all subscribers at a point in time which had a revenue generating event in the specified period of time (90 days) prior to that point in time and also during the past 30 days had data usage greater than or equal to 5 megabytes. MoMo users are 30-day active users.2 MTN Group Limited Quarterly update for the period ended 30 September 2021MTN Group LimitedQuarterly update for the period ended 30 September 2021Group President and CEO Ralph Mupita comments:"The MTN Group recorded a solid […]