SAO PAULO, Nov. 10, 2010 /PRNewswire-FirstCall/ -- VIVO
Participacoes S.A. (VIVO) (Bovespa: VIVO3 [ON = Common Shares] /
VIVO4 [PN = Preferred Shares]; NYSE: VIV), announced its
consolidated results for the third quarter 2010 (3Q10). Vivo
maintains high growth of revenues and improves profitability in
this quarter with consistent increase in the EBITDA and in the
profit, besides expanding its leadership in the postpaid
segment.
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R$ million
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3Q10
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2Q10
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3Q09
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Net Revenue
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4,608.1
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4,401.6
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4,174.9
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Total Operating Costs
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(3,070.3)
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(3,058.9)
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(2,778,5)
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EBITDA
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1,537.8
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1,342.7
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1,396.4
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EBITDA Margin (%)
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33.4%
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30.5%
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33.4%
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Net Result
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601.8
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236.0
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332.7
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Number of accesses
(thousand)
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57,714
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55,977
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48,847
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Market share
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30.14%
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30.24%
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29.40%
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Net Additions
(thousand)
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1,737
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2,028
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2,028
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Vivo's customer base totaled 57,714 thousand
accesses (18.2% annual growth);
Vivo's postpaid customer base recorded annual growth of
30.3% (share of 49.8% of net additions in the
postpaid segment in the quarter);
Market share of 30.14%, annual increase of 0.74
p.p. (35.3% in the postpaid segment);
1,737 thousand new accesses in the quarter,
(41.5% in the postpaid segment);
Annual increase of 10.1% in the Net Service
Revenue totaling R$ 4,307.6
million, (ARPU grew sequentially for the 2nd consecutive
quarter);
Annual growth of 61.4% in Data and VAS Revenue
which accounts for 19.6% of the net service revenue
(Internet revenue grew 92.3%);
EBITDA Margin of 33.4%
in the quarter (+2.9 p.p. vs. 2Q10);
EBITDA increased by 10.1% over 3Q09, recording
R$ 1,537.8 million in the
quarter;
Net profit of R$ 601.8
million in 3Q10, with growth of 80.9% over
3Q09 (155.0% vs. 2Q10);
Cash flow recorded R$
1,372.3 million in the quarter (73.6% higher than
in 3Q09);
Net debt in 3Q10 in the amount of R$ 2,411.8 million (43.2% lower than in 3Q09).
Long-term debt of 81%.
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VIVO -
Investor Relations
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Cristiane
Barretto Sales
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Carlos
Raimar Schoeninger
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Luis Carlos
Plaster
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Av Chucri
Zaidan, 860 – Morumbi – SP – 04583-110
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Telephone:
+55 11 7420-1172
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e-mail: ir@vivo.com.br
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To download the complete version of the Company's earnings
release, please visit our website: www.vivo.com.br/ri
SOURCE VIVO Participacoes S.A.