TSD Tele Sudeste Cel

Tele Sudeste Celular Participa��es S/A (TSD) Announces Results for the First Quarter 2004 RIO DE JANEIRO, Brazil, April 27 /PRNewswire-FirstCall/ -- Tele Sudeste Celular Participacoes S.A. (BOVESPA: TSEP3 (ON); TSEP4 (PN), the holding company that owns 100% of Telerj Celular S.A. (Telerj) and Telest Celular S.A. (Telest), leading operators of mobile telecommunications services in the Brazilian states of Rio de Janeiro and Espirito Santo, respectively, announces its consolidated results for 1Q04. A complete version of the announcement can be found on the Company's Web site at: http://www.vivo.com.br/ri Highlights: Tele Sudeste Celular (TSD) Millions of Brazilian reals 1Q04 4Q03 % of Change 1Q03 % of Change Net operating revenue 448.8 498.3 -9.9% 463.5 -3.2% Net revenue From revenue 395.7 411.4 -3.8% 416.3 -4.9% Net revenue from sale of goods 53.1 86.9 -38,9% 47.2 12.5% Total operating costs (280.2) (320.5) -12.6% (295.7) -5.2% EBITDA 168.6 177.8 -5.2% 167.8 0.5% EBITDA margin (%) 37.6% 35.7% 1.9 pts 36.2% 1.4 pts Depreciation and amortization (109.6) (114.6) -4.4% (109.7) -0.1% EBIT 59.0 63.2 -6.6% 58.1 1.5% Net profits 37.8 57.3 -34.0% 29.9 26.4% Total number of clients (thousands) 3,774 3,709 1.8% 3,365 12.2% Post-paid 1,148 1,156 -0.7% 1,116 2.9% Pre-paid 2,626 2,552 2.9% 2,250 16.7% Market share (%)* 49.1% 49.6% -0.5 pts 54.8% -5.7 pts New users, net (thousands) 65 225 -71.1% (89) NA Post-paid (9) 19 NA 29 NA Pre-paid 74 206 -64.1% (118) NA Market share of new users, net (%)* 30.5% 35.6% -5.1 pts -- -- Market penetration (%)41.9% 40.7% 1.2 pts 33.1% 8.8 pts * Source: ANATEL * Tele Sudeste closed 1Q04 with 3.774 million clients, a growth of 12.2% and 1.8%, respectively, over 1Q03 and 4Q03. Intense activity in the sector was reflected in a net addition of 65,000 new users in 1Q04, compared with a reduction of 89,000 users in 1Q03. * Net profit of $R37.8 million in 1Q04, an increase of 26.4% over the same period in 2003. EBITDA margin of 37.6% for the quarter, an increase of 1.4 percentage points over 1Q03. * Operational cash flow of R$ 150.8 million, an increase of 51.9% over 1Q03, demonstrating that the Company possesses sufficient operational cash generation to sustain investments. * TSD covers every city, 100% of its operating territory, consolidating Vivo's position as the brand with the best coverage and quality of service. DATASOURCE: Telesp Celular Participacoes S.A. CONTACT: Arthur A. Magalhaes Fonseca, Telesp Celular Participacoes, +011-55-11-5105-182, or Web site: http://www.telespcelular.com.br/ http://www.vivo.com.br/ri

Copyright