SAO PAULO, April 27, 2016 /PRNewswire/ -- Telefonica Brasil
- (Bovespa: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE:
VIV), announces its 1Q16 results. In the first quarter of 2016,
Vivo achieved strong EBITDA expansion and robust cash flow
generation through sustained revenue growth, efficiency and
synergies capturing.
R$
million
|
1Q16
|
%
y-o-y
|
Net Operating
Revenues
|
10,431.4
|
0.6
|
Net mobile
revenues
|
6,212.9
|
(0.3)
|
Net fixed
revenues
|
4,218.5
|
2.0
|
Operating
costs
|
(6,642.9)
|
(9.0)
|
Recurring Operating
costs*
|
(7,156.4)
|
(2.0)
|
EBITDA
|
3,788.5
|
23.8
|
EBITDA Margin
%
|
36.3%
|
6.8 p.p.
|
Recurring
EBITDA*
|
3,275.0
|
7.0
|
Recurring EBITDA
Margin %*
|
31.4%
|
1.9
p.p.
|
Net income
|
1,218.2
|
179.3
|
|
|
|
Number of accesses
(thousand)
|
97,220
|
(8.1)
|
Mobile
accesses
|
73,271
|
(10.5)
|
Fixed
accesses
|
23,950
|
0.3
|
(*) Adjusted by the towers sale in 1Q16 in the amount of
R$ 513.5 million
Leadership in the postpaid segment, with continuous
growth (+8.1% y-o-y in 1Q16) and share of net additions of 41%
until February 2016. Postpaid market
share came to 42.4% in February. Mobile ARPU recorded y-o-y
growth of 10.9% in 1Q16, driven by the solid 35.7% y-o-y growth in
Data ARPU, which already represented 52% of total ARPU.
Resilient growth in fixed accesses: Broadband accesses
reached 7.2 million in 1Q16, while FTTx* connections reached 54.2%
of the base in 1Q16, with annual growth of 12.6%. Pay TV
accesses totaled 1.8 million in 1Q16, 4.9% up y-o-y, with
strong increase in premium accesses (IPTV and Interactive DTH).
Net operating service revenue grew 1.0% y-o-y in 1Q16,
maintaining a positive performance despite the challenging
macroeconomic environment and affected by regulatory effects.
Net mobile service revenue increased by 0.4% y-o-y in
1Q16. Excluding the effect of MTR reductions in 2015 and 2016, this
line increased 2.9% over 1Q15.
Mobile Data and VAS revenue grew 22.8% y-o-y in 1Q16,
fueled by the strong upturn in mobile internet revenue, of 35.4%
over 1Q15.
Net fixed revenue posted y-o-y growth of 2.0% in 1Q16.
Excluding the reduction in fixed-mobile regulated tariffs (VC,
TU-RL and TU-RIU), this increase came to 5.1% in 1Q16 over
1Q15.
Operating costs fell by 9.0% y-o-y in 1Q16. Adjusted by
the sale of towers, operating costs declined 2.0%, reflecting the
Company's focus on efficiency and the capturing of synergies.
EBITDA totaled R$ 3.8
billion in 1Q16, accompanied by an EBITDA Margin of
36.3%. Adjusted for the sale of towers recurring
EBITDA amounted to R$3.3
billion in the quarter, with a recurring EBITDA
Margin of 31.4% achieving the highest growth in the last 5
quarters: 7% y-o-y.
1Q16 investments totaled R$1.5
billion, accounting for 14.3% of net operating revenue.
EBITDA – CAPEX achieved accelerated growth of 37% y-o-y
in 1Q16 with a strong evolution in Free Cash Flow in 1Q16.
Successful execution of key projects during April/16 (one
only brand and legal entity, launch of national 3P portfolio and 4P
pilot) and value capture of synergies in 1Q16 in line with
expectations.
TELEFONICA BRASIL – Investor Relations
Amos Genish
David Melcon
Luis Plaster
Maria Tereza Pelicano David
+55 11 3430-3687 / ir.br@telefonica.com
To download the complete version of the Company's earnings
release, please visit our website:
http://www.telefonica.com.br/ir
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/1q16-results-telefonica-brasil-sa-300258929.html
SOURCE Telefonica Brasil S.A.