SAO PAULO, May 9, 2019 /PRNewswire/ -- Telefônica Brasil -
(B3: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV),
announces its results for 1Q19.
Change in revenue mix, focusing on high-value
services, coupled with cost efficiency to ensure higher
profitability, leading to double-digit growth in net income and
cash flow
Consolidated in R$
million
|
1Q19
|
%
y-o-y
|
|
|
|
Net Operating
Revenues
|
10,975
|
1.7
|
Net Mobile Revenues
|
7,081
|
4.7
|
Net Fixed Revenues
|
598
|
55.1
|
Net Handset Revenues
|
3,894
|
(3.2)
|
Recurring Operating
Costs
|
(7,072)
|
1.1
|
Recurring
EBITDA
|
3,903
|
2.9
|
Recurring EBITDA Margin %
|
35.6%
|
0.4
p.p.
|
Net Income
|
1,342
|
22.2
|
|
|
|
Free Cash
Flow
|
1,165
|
16.1
|
|
|
|
Total Accesses
(thousand)
|
94,994
|
(2.9)
|
Mobile
accesses
|
73,529
|
(2.1)
|
Fixed
accesses
|
21,465
|
(5.5)
|
Mobile Market share expansion, reaching 32.1% in
March 2019 (+0.3 p.p. y-o-y).
Mobile Postpaid accesses increased 9.4% y-o-y, reaching
40.1% of market share in March 2019
(16.2 p.p. above the second player).
Broadband accesses totaled 7,386 thousand customers
in 1Q19, with UBB connections already accounting for 68.1% of the
base after growing 8.4% y-o-y (with FTTH accesses growing 44.1%
y-o-y in 1Q19).
Broadband ARPU recorded y-o-y growth of 12.7% in
1Q19 reaching R$62.2, influenced by
the evolution of the ultra-broadband customer base.
Net Operating Revenues increased 1.7% in 1Q19 over
1Q18.
Net Mobile Revenues rose 4.7% y-o-y in 1Q19. This
growth was mainly driven by the expansion of Data and Digital
Service Revenues and by higher Net Handset Revenues.
Recurring Operating Costs grew 1.1% y-o-y in 1Q19,
mainly due to higher expenses related to handset sales, offset by
simplification, efficiency and digitalization initiatives.
Excluding the cost of goods sold, total costs fell 2.9% y-o-y.
EBITDA totaled R$ 3,903
million in 1Q19, up 2.9% y-o-y, with an EBITDA margin
of 35.6% (+0.4 p.p. y-o-y).
Capex totaled R$ 1,696
million in 1Q19, focused on FTTH and on the expansion of
coverage and capacity in 4G/4.5G.
Net income increased 22.2% y-o-y, to R$ 1,342 million in 1Q19, as a result of ongoing
cost control, strong EBITDA growth and lower financial expenses
Free Cash Flow grew 16% y-o-y in 1Q19 reaching
R$1,165 million in the period.
To download the complete version of the Company's earnings
release, please visit our website:
http://www.telefonica.com.br/ir
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content:http://www.prnewswire.com/news-releases/1q19-results-telefonica-brasil-sa-300847188.html
SOURCE Telefônica Brasil S.A.