1Q09 Results: VIVO Participacoes S.A.
08 Maio 2009 - 7:00AM
PR Newswire (US)
SAU PAULO, May 8 /PRNewswire-FirstCall/ -- VIVO Participacoes S.A.
(VIVO) (Bovespa: VIVO3 [ON = Common Shares] / VIVO4 [PN = Preferred
Shares]; NYSE: VIV), announced its consolidated results for the
first quarter 2009 (1Q09). Translating into practices its new
positioning, summarized under the expression "Vivo - Connection
Like Any Other Available", Vivo makes every effort to be the best
option among all the mobile telephone operators in Brazil. The
nationwide coverage, the efficiency and quality of its network, the
best service plans and a complete portfolio of handsets, are some
of elements which express the Company's commitment to enable people
to connect themselves each time more, at any time, in any place.
This is the way Vivo has managed to ensure sustainable results and
reaffirm its market leader position. R$million 1Q09 4Q08 1Q08 Net
Revenue 4,020.1 4,268.3 3,681.3 Total Operating Costs (2,816.2)
(2,872.0) (2,376.1) EBITDA 1,203.9 1,396.3 1,065.2(*) EBITDA Margin
(%) 29.9% 32.7% 28.9%(*) Net Result 123.5 215.5 97.6 Number of
customers (thousand) 45,641 44,945 38,309 Market share 29.7% 29.8%
30.4% Net Additions (thousand) 696 2,668 925 (*) Excluding the
reversal provision of ICMS of Telemig Celular In March, Vivo's
customer base reached 45,641 thousand customers, with a 29.7%
market share, reaffirming its leadership in the domestic market;
The customer base grew 19.1% in the quarter as compared to the same
period of last year; Worthy of mention is the 20.4% growth in the
post-paid customer base in 1Q09 over 1Q08, with a share of net adds
in the quarter of 67%, in this segment, thus improving the mix; In
1Q09, Vivo managed to attract 696 thousand new customers, with
23.0% in share of net additions; Net Service Revenue of R$3,669.7
million, an increase of 21.4% over 1Q08 according to the corporate
law and 9.6% in the combined basis over the same period of last
year; Self-supported data and VAS revenue, which grew 29.0% and
16.6% in the comparison with 1Q08 and 4Q08, respectively,
representing 12.1% of the net service revenue; EBITDA margin in the
quarter of 29.9%, a growth of 1.0 percentile point over 1Q08, in a
comparison pursuant to the Brazilian corporate law. EBITDA reached
R$ 1,203.9 million in the quarter, a growth of 25.2% in comparison
with 1Q08, pursuant to the Brazilian corporate law; Net profit of
R$ 123.5 million in the quarter, 26.5% higher than the figure
recorded for 1Q08; To download the complete version of the
Company's earnings release, please visit our website:
http://www.vivo.com.br/ir DATASOURCE: VIVO Participacoes S.A.
CONTACT: Ernesto Gardelliano, Carlos Raimar Schoeninger, Janaina
Sao Felicio, VIVO - Investor Relations, +55 11 7420-1172, Web Site:
http://www.vivo.com.br/ir
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