SAO PAULO, Brazil, Feb. 24, 2011 /PRNewswire/ -- VIVO Participacoes
S.A. (VIVO) (Bovespa: VIVO3 [ON = Common Shares] / VIVO4 [PN =
Preferred Shares]; NYSE: VIV), announced its consolidated results
for the fourth quarter 2010 (4Q10). Vivo recorded in the fourth
quarter its highest growth of revenues and EBITDA in the year,
resulting in a record profit in its history. In the year-to-date,
profit increased by 116% to R$ 1.9
billion.
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R$
million
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4Q10
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3Q10
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4Q09
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2010
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2009
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Net Revenue
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4,863.0
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4,608.1
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4,415.2
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18,105.9
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16,637.1
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Total Operating Costs
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(3,185.3)
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(3,070.3)
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(3,027.8)
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(12,274.1)
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(11,412.7)
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EBITDA
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1,677.7
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1,537.8
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1,387.4
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5,831.8
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5,224.4
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EBITDA Margin (%)
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34.5%
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33.4%
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31.4%
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32.2%
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31.4%
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Net Result
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864.2
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601.8
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203.3
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1,893.8
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878.1
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Number of accesses
(thousand)
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60,293
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57,714
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51,744
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60,293
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51,744
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Market share
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29.71%
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30.14%
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29.75%
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29.71%
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29.75%
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Net Additions
(thousand)
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2,578
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1,737
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2,897
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8,548
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6,799
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Vivo's customer base totaled 60,293 thousand
accesses (16.5% annual growth), with 8,548
thousand new accesses in the year (33.3% in the postpaid
segment);
Vivo's postpaid customer base recorded annual growth of
29.1%;
Postpaid Market share of 35.24% (annual
increase of 3 p.p.);
Market Share of 29.7%, flat in the yoy
comparison;
Annual growth of 12.5% in the Net Service Revenue in
4Q10 (ARPU increased for the third consecutive quarter).
Increase in 2010 recorded 9.9%;
Accelerated annual growth in outgoing voice, recording
12.3% in 4Q10;
Annual growth of 48.0% in Data and VAS Revenue
(which accounts for 20.7% of the net service revenue).
Mobile internet revenue grew 65.4%;
EBITDA Margin of 34.5%
in the quarter (+3.1 p.p. yoy) and 32.2%
in the year-to-date (+0.8 p.p. yoy);
EBITDA increased by 20.9% over 4Q09. Increase of 11.6% in
2010;
Net profit of R$
864.2 million in 4Q10, and of
R$ 1,893.8 in the
year-to-date, with growth of 115.7% over
2009;
Proposed dividends of R$ 2,290.8
million, representing 127% of the 2010 Net Profit
(excluding legal reserve);
Cash generation after investments recorded
R$ 2,898.7 million in the
quarter (63.7% higher than in 2009);
Net debt in 4Q10 in the amount of
R$ 1,743.5 million (54.4%
lower than in 4Q09).
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
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SOURCE VIVO Participacoes S.A.