SAO
PAULO, April 25, 2018
/PRNewswire/ --
|
4.2% growth of Net
Mobile Revenues, combined with the ninth consecutive quarter of
recurring costs reduction, drive another quarter of strong EBITDA
growth and cash generation.
|
|
|
Consolidated
in R$ million
|
1Q18
(Pro
forma1)
|
%
y-o-y
|
|
|
|
|
Net Operating
Revenues
|
10,759.0
|
1.6
|
|
Net Mobile
Revenues
|
6,734.9
|
4.2
|
|
Net Fixed
Revenues
|
4,024.1
|
(2.5)
|
|
Operating
Costs
|
6,993.8
|
(1.2)
|
|
EBITDA
|
3,765.3
|
7.2
|
|
EBITDA Margin
%
|
35.0
|
1.8
p.p.
|
|
Net
Income2
|
1,098.0
|
10.2
|
|
|
|
|
Total Accesses
(thousand)
|
97,812
|
0.6
|
|
Mobile
Accesses
|
75,098
|
1.5
|
|
Fixed
Accesses
|
22,714
|
(2.3)
|
|
|
|
|
|
|
|
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Market share expansion, reaching 31.9% in
March 2018 (+1.4 p.p. y-o-y).
Mobile Postpaid accesses increased 10.9% y-o-y, reaching
41.4% of the market share in March
2018 (17.9 p.p. above the second placed player).
Mobile ARPU recorded y-o-y growth of 2.1% in 1Q18
reaching R$28.6, fueled by a higher
share of postpaid clients in the mix and increased data usage,
mainly in digital services. As a result, Data ARPU grew 15.8% y-o-y
in 1Q18.
Broadband accesses totaled 7.4 million customers in 1Q18
(+1.5% y-o-y), with UBB3 connections already accounting
for 62.4% of the base after a y-o-y growth of 9.9% (with 122
thousand FTTH net additions in the 1Q18 – record level for a first
quarter). Broadband ARPU increased 13.7% in 1Q18 over 1Q17,
influenced by the evolution of the ultra-broadband customer
base.
Net Operating Revenues grew 1.6% in 1Q18 over 1Q17.
Mobile Revenues rose 4.2% y-o-y in 1Q18, while Mobile
Service Revenues increased 3.5% y-o-y. Data and Digital
Service Revenues increased 17.4% y-o-y in 1Q18, accounting for
77.8% of Mobile Service Revenues, while Revenues from Handset
Sales grew 20.8% y-o-y in the quarter.
Operating Costs fell 1.2% in 1Q18 versus 1Q17 (LTM IPCA
+2.7%), demonstrating the continued efforts and focus on the
pursuit of efficiencies.
EBITDA totaled R$3.8
billion in 1Q18, 7.2% up on 1Q17, yielding an EBITDA
margin of 35.0% (+1.8 p.p. y-o-y), fueled by digitalization
measures adopted by the Company.
CAPEX amounted to R$1.5
billion in 1Q18, mainly focused on improving network
capacity and 4G coverage (totaling 2,711 municipalities in
March 2018; 85% of the population),
expansion of FTTH footprint, increase of FTTx penetration and
investments in IT, supporting the Company's digitalization
process.
EBITDA – Capex (ex. licenses) grew 1.5% in 1Q18 over
1Q17, reaching R$2.2 billion, while
our Free Cash Flow from Business Activities rose 48.1%,
reaching R$1.0 billion in the
quarter.
Net Income (IFRS 15) totaled R$1.1
billion in 1Q18 (+10.2% y-o-y), mainly due to higher EBITDA
and better financial results.
To download the complete version of the Company's earnings
release, please visit our website:
http://www.telefonica.com.br/ir
1 For comparison purposes, pro forma numbers are not
considering the impacts that IFRS 15 had on our 2018 financial
statements.
2 Reported Net Income, considering impacts from IFRS
15.
3 UBB includes FTTH (Fiber to the home), FTTC (Fiber to
the cabinet) and cable customers.
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SOURCE Telefônica Brasil S.A.