SAO PAULO, May 3 /PRNewswire-FirstCall/ -- VIVO
Participacoes S.A. (VIVO) (Bovespa: VIVO3 [ON = Common Shares] /
VIVO4 [PN = Preferred Shares]; NYSE: VIV), announced its
consolidated results for the first quarter 2010 (1Q10). Vivo closed
the quarter by consolidating its position, achieving for the
seventh consecutive month the leadership in share of net additions.
Every month Anatel discloses the ranking of complaints received by
the agency and, since February 2008,
Vivo has recorded the lowest number of claims among the mobile
telephone operators in Brazil.
When we look at our financial and operating indicators, we see that
Vivo has shown a remarkable balance between growth and value
generation. In this last quarter Vivo has maintained differentiated
profitability levels while increasing its revenue and market
share.
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R$
million
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1Q10
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4Q09
|
1Q09
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Net Revenue
|
|
4,233.2
|
4,416.3
|
4,040.4
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Total Operating Costs
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(2,959.5)
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(3,014.9)
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(2,813.5)
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EBITDA
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|
1,273.7
|
1,401.4
|
1,226.9
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EBITDA Margin (%)
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30.1%
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31.7%
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30.4%
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Net Result
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191.9
|
217.2
|
133.0
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Number of accesses
(thousand)
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53,949
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51,744
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45,641
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Market share
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30.12%
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29.75%
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29.70%
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Net Additions (thousand)
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2,205
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2,897
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696
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Net profit of R$ 191.9
million in 1Q10, 44.3% higher than the amount recorded in
1Q09
In March, Vivo's customer base reached 53,949 thousand
accesses, a growth of 18.2% in relation to 1Q09, thus recording a
market share of 30.12%, which represents an increase for the
seventh consecutive month. In the post-paid segment, the market
share was 33.5%, keeping its leadership in the domestic
market in these two indicators.
In 1Q10 Vivo managed to attract 2,205 thousand new customers,
33% in the post paid segment. The share of net additions
reached 42.8%.
Net Service Revenue of R$3,929.5
million in the quarter represents an increase of 5.8% over
1Q09;
Sustained growth in data and VAS revenue, increased 51.8%
and 7.3% in the comparison with 1Q09 and 4Q09, respectively,
representing 17.5% of the net service revenue in the quarter.
Internet revenue grew by 119.8% in relation to 1Q09;
EBITDA margin in the quarter of 30.1%, remaining stable
in percentage terms over 1Q09. EBITDA reached R$ 1,273.7 million in the quarter, a growth of
3.8% in comparison with 1Q09.
Operating cash generation before investment and financing
activities, obtained from the "Indirect Cash Flow" totals
R$392.8 million in the quarter;
The net debt recorded in 1Q10 was R$3,937.6 million, resulting in a Net Debt/EBITDA
rate of 0.75.
To download the complete version of the Company's earnings
release, please visit our website: www.vivo.com.br/ir
SOURCE VIVO Participacoes S.A.