SAO PAULO, May 9, 2017 /PRNewswire/ -- Telefonica Brasil -
(Bovespa: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE:
VIV), announces its results for the 1Q17. Service revenue
acceleration and consistent cost decline lead to margin expansion
and solid EBITDA growth in 1Q17.
Consolidated in R$
million
|
1Q17
|
%
y-o-y
|
|
|
|
Net Operating
Revenues
|
10,590.1
|
1.5
|
Net Operating
Services Revenues
|
10,334.2
|
2.0
|
Net mobile services revenues
|
6,208.0
|
5.0
|
Net fixed revenues
|
4,126.2
|
(2.2)
|
Net handset
revenues
|
255.9
|
(15.2)
|
Recurring
Operating costs
|
(7,076.2)
|
(1.1)
|
Operating
costs*
|
(7,076.2)
|
6.5
|
Recurring
EBITDA
|
3,513.9
|
7.3
|
Recurring EBITDA
Margin %
|
33.2%
|
1.8 p.p.
|
EBITDA*
|
3,513.9
|
(7.2)
|
EBITDA Margin
%*
|
33.2%
|
(3.1 p.p.)
|
Recurring Net
income
|
996.2
|
13.3
|
|
|
|
Number of accesses
(thousand)
|
97,236
|
0.0
|
Mobile
accesses
|
73,997
|
1.0
|
Fixed
accesses
|
23,239
|
(3.0)
|
* Adjusted for the
towers sale in 1Q16 in the amount of R$ 513.5
million
|
Market share expansion, reaching 30.5% in March 2017 (+2.1 p.p. y-o-y).
Mobile ARPU recorded y-o-y growth of 4.1% in 1Q17, fueled
by a higher share of postpaid clients in the mix and increased data
usage. Data ARPU grew 35.8% y-o-y in 1Q17, corresponding to 68.6%
of total ARPU.
Broadband accesses totaled 7.3 million customers in 1Q17
(+1.7% y-o-y), with FTTx1 connections accounting for
57.6% of the base, accompanied by y-o-y growth of 6.9%. Broadband
ARPU increased 9.2% in 1Q17 over 1Q16, influenced by the evolution
of the ultra-broadband customer base.
Net operating service revenue grew 2.0% in 1Q17 over 1Q16
(4.2% up y-o-y excluding regulatory effects), maintaining the
positive trajectory observed in the last quarters.
Mobile services revenue rose 5.0% y-o-y in 1Q17.
Excluding the effect from MTR reductions in 2017, this line
increased 7.3% over 1Q16. Data and digital services revenue
increased 37.0% y-o-y in 1Q17, accounting for 68.6% of mobile
services revenue.
Recurring Operating costs fell 1.1% in 1Q17 over 1Q16
(LTM IPCA +4.6%), demonstrating the continued efforts and focus on
synergy delivery, pursuit of efficiencies and end-to-end
digitalization. Including the non-recurring effect of the towers
sale in 1Q16, costs increased 6.5%.
Recurring EBITDA totaled R$3.5
billion in 1Q17, 7.3% up on 1Q16, accompanied by an
EBITDA margin of 33.2% (+1.8 p.p. y-o-y) fueled by the
acceleration of mobile service revenues and efficiency measures
adopted by the Company.
CAPEX amounted to R$1.3
billion in 1Q17, focused on 4G coverage (304 new cities
added in the quarter) and FTTH expansion.
Recurring EBITDA - Capex grew 22.6% in 1Q17 over
1Q16, reaching R$2.2 billion
Recurring Net income totaled R$996.2 million in 1Q17 (+13.3% y-o-y), with
IOC for the fiscal year amounting to R$530.0 million.
TELEFONICA BRASIL – Investor Relations
Eduardo Navarro
David Melcon
Luis Plaster
Joao 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
1 FTTx includes FTTH (Fiber to the home), FTTC (Fiber
to the cabinet) and cable customers
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/1q17-results-telefonica-brasil-sa-300454747.html
SOURCE Telefonica Brasil S.A.