SAO PAULO, Feb. 20, 2019 /PRNewswire/ -- Telefônica Brasil -
(B3: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV),
announces its results for 4Q18.
Growth in key revenues lines and
cost-efficiency, combined with non-recurring items, leads to
record Net Income of R$ 8.9 billion
in 2018.
Consolidated in R$
million
|
4Q18
|
%
y-o-y
|
2018
|
%
y-o-y
|
|
|
|
|
|
Net Operating
Revenues
|
11,093.9
|
0.5
|
43,448.0
|
0.6
|
Net Mobile Revenues
|
7,056.0
|
3.0
|
27,333.1
|
3.3
|
Net Fixed Revenues
|
4,037.8
|
(3.5)
|
16,114.9
|
(3.8)
|
Net Handset Revenues
|
505.5
|
70.0
|
1,674.9
|
56.5
|
Recurring Operating
Costs
|
(6,989.9)
|
(1.4)
|
(27,974.5)
|
(2.0)
|
Recurring
EBITDA
|
4,104.0
|
4.0
|
15,473.5
|
5.5
|
Recurring EBITDA Margin %
|
37.0
|
1.2
p.p.
|
35.6
|
1.7
p.p.
|
Net Income
|
1,486.7
|
(2.0)
|
8,928.3
|
93.7
|
|
|
|
|
|
Total Accesses
(thousand)
|
95,189
|
(2.7)
|
|
|
Mobile
accesses
|
73,160
|
(2.4)
|
|
|
Fixed
accesses
|
22,029
|
(3.6)
|
|
|
Mobile Market share expansion, reaching 31.9% in
December 2018 (+0.2 p.p. y-o-y).
Mobile Postpaid accesses increased 9.9% y-o-y, reaching
40.5% of market share in December
2018 (17.0 p.p. above the second player).
Broadband accesses totaled 7,458 thousand customers
in 4Q18 (+0.3% y-o-y), with UBB connections already accounting for
66.9% of the base after growing 9.9% y-o-y (with FTTH accesses
growing 46.8% in 4Q18).
Broadband ARPU recorded y-o-y growth of 11.8% in
4Q18 reaching R$62.8, influenced by
the evolution of the ultra-broadband customer base.
Net Operating Revenues increased 0.5% in 4Q18 over
4Q17. In 2018, Net Operating Revenues grew 0.6% y-o-y.
Net Mobile Revenues rose 3.0% y-o-y in 4Q18 (+3.3%
y-o-y in 2018). This growth was mainly driven by the expansion of
Data and Digital Service Revenues and by higher Net
Handset Revenues.
Recurring Operating Costs fell 1.2% y-o-y in 4Q18.
In 2018, costs dropped 2.0% y-o-y, driven by digitalization and
simplification initiatives, consolidating three consecutive years
of cost reduction.
Recurring EBITDA totaled R$4,104 million in 4Q18, 4.0% up on 4Q17
(R$15,473.5 million in 2018, 5.5%
higher than 2017), reaching a solid Recurring EBITDA margin
of 37.0% in the quarter (35.6% in 2018), fueled by the increase of
Net Mobile Revenues and by our cost efficiency initiatives.
CAPEX amounted to R$2,113.3
million in 4Q18, reaching R$8,193.3
million in 2018. The investments were mainly focused on
improving network capacity and quality by increasing 4G/4.5G
coverage and FTTH roll-out, launching 30 new cities with this
technology in 2018.
Net Income (Reported) totaled R$1,486.7 million in 4Q18, reaching a
record-level of R$8,928.3 million
(+93.7% y-o-y) in 2018, on the back of solid EBITDA expansion and
the extraordinary judicial gains registered in the quarter.
TELEFÔNICA BRASIL – Investor
Relations
Christian
Gebara
David Melcon
Luis Plaster
João Pedro Carneiro
+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
View original
content:http://www.prnewswire.com/news-releases/4q18-results-telefonica-brasil-sa-300798745.html
SOURCE Telefônica Brasil S.A.