SAO PAULO, May 11, 2021 /PRNewswire/ -- Telefônica Brasil -
(B3: VIVT3 [Common Shares]; NYSE: VIV), announces its results for
1Q21.
Net revenue shows an inflection point and resumes growth in
the quarter, driven by record revenues in fiber
|
R$
million
|
1Q21
|
%
y-o-y
|
|
|
|
|
Net Operating
Revenues
|
10,849
|
0.2
|
|
Core
Revenue
|
9,563
|
4.7
|
|
Mobile
Revenue
|
7,147
|
1.1
|
|
Fixed Core
Revenue
|
2,416
|
17.2
|
|
Non-Core
Revenue
|
1,286
|
(24.1)
|
|
Total
Costs
|
(6,394)
|
1.2
|
|
Recurring Total
Costs
|
(6,394)
|
0.0
|
|
Recurring
EBITDA
|
4,455
|
0.5
|
|
Recurring EBITDA
Margin
|
41.1%
|
0.1
p.p.
|
|
Reported
EBITDA
|
4,455
|
(1.1)
|
|
Reported EBITDA Margin %
|
41.1%
|
(0.6)
p.p.
|
|
Net
Income
|
942
|
(18.3)
|
|
|
|
|
Capex | Ex- IFRS
16
|
1,943
|
18.0
|
|
Free Cash Flow
after Lease Payments
|
2,199
|
3.7
|
|
|
|
|
Total Subscribers
(thousand)
|
95,809
|
2.9
|
|
Core
Subscribers
|
85,816
|
6.6
|
|
Non-Core
Subscribers
|
9,993
|
(20.4)
|
Mobile market share reached 33.1% in March 2021, maintaining undisputed leadership in
the mobile business. Postpaid accesses grew 5.2% y-o-y and
accounted for 57.7% of total mobile accesses, with a market share
of 37.0% in March 2021.
Fiber-to-the-home broadband customers totaled 3,746
thousand (+41.2% y-o-y), posting accelerated additions of
high-quality customers in 1Q21. FTTH Revenues increased
61.2% versus 1Q20, reaching the record of R$1,010 million.
Net revenues resume growth (+0.2% y-o-y), underlining the
successful transformation of revenue profile. Core
businesses represented 88% of total revenues with increasing
relevance. Core fixed revenues continue to
grow significantly (+17.2% y-o-y) while mobile revenues are
showing solid recovery (+1.1% y-o-y).
Total Costs remained flat in 1Q21, despite the
accelerated inflation, as Company's efficient cost management
compensated higher cost of goods and services sold.
Recurring EBITDA totaled R$4,455 million (+0.5% y-o-y) in 1Q21, with a
recurring EBITDA margin of 41.1%.
Investments of R$1,943
million in 1Q21, focused on the expansion of the FTTH
network and the capacity of the 4G and 4.5G networks.
Shareholder remuneration declared until April-21
reaches R$700 million, representing a
dividend yield of 7.9%.
Free Cash Flow after Leasing payments reached
R$2,199 million in 1Q21 (+3.7%
y-o-y), reflecting efficient financial management.
Launch of Vivo Pay and
Vida V, and partnerships with Dotz, CDF and
Itaucard, strengthen Vivo's positioning as a digital
services hub.
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
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content:http://www.prnewswire.com/news-releases/1q21-results-telefonica-brasil-sa-301289251.html
SOURCE Telefônica Brasil