SÃO PAULO, July 24, 2019 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV), announces its results for 2Q19.
Change in revenue mix, focused on high-end services, coupled with digitalization, cost efficiency programs and excellent financial management ensured margin growth, double-digit growth in cash flow and unparalleled shareholder remuneration
Consolidated in R$ million |
2Q19 |
% y-o-y |
Net Operating Revenues |
10,870 |
0.4 |
Net Mobile Revenues |
6,972 |
2.3 |
Net Handset Revenues |
631 |
31.9 |
Net Fixed Revenues |
3,897 |
(2.8) |
Recurring Operating Costs |
(7,079) |
0.1 |
Recurring EBITDA |
3,791 |
1.0 |
Recurring EBITDA Margin % |
34.9% |
0.2 p.p. |
Recurring Net Income |
1,420 |
26.4 |
Free Cash Flow |
2,220 |
11.0 |
Total Accesses (thousand) |
94,364 |
(3.5) |
Mobile accesses |
73,744 |
(2.0) |
Fixed accesses |
20,619 |
(8.5) |
Mobile market share of 32.2% in May 2019 (7.5 p.p. higher than the second player). Postpaid accesses grew 8.5%, accounting for 56.6% of total mobile accesses, with a market share of 40.0% in May 2019.
Broadband accesses totaled 7,268 thousand customers in 2Q19 and FTTH accesses grew 37.9% y-o-y, with 136 thousand net additions in the 2Q19. Broadband ARPU moved up 14.2% over 2Q18 reaching R$63.3. up 14.2% over 2Q18 rea
Net revenues rose 0.4% y-o-y, reflecting the performance of postpaid, terminals and FTTH revenues. Mobile revenues increased 2.3% y-o-y, driven by growth in ARPU, postpaid accesses and handset sales.
Recurring operating costs increased 0.1% y-o-y mainly due to higher expenses related to handset sales, offset by simplification, efficiency and digitalization initiatives. Excluding the cost of goods sold, total costs fell 2.4% y-o-y.
Recurring EBITDA totaled R$ 3,791 million in 2Q19, up 1.0% y-o-y, with an EBITDA margin of 34.9% (+0.2 p.p. y-o-y).
Capex totaled R$ 2,360 million in 2Q19, focused on FTTH and expansion of 4G/4.5G coverage and capacity.
Recurring reported net income grew 26.4% y-o-y in 2Q19, to R$ 1,420 million. Interest on equity of R$ 2,238 million already declared in the first half of 2019.
Free cash flow moved up 11.0% y-o-y, to R$ 2,220 million in 2Q19, driven by EBITDA growth and lower tax expenses.
TELEFÔNICA BRASIL – Investor Relations
Christian Gebara
David Melcon
Luis Plaster
João Pedro Carneiro
+55 11 3430-3687 / [email protected]
To download the complete version of the Company's earnings release, please visit our website: http://www.telefonica.com.br/ir
SOURCE Telefônica Brasil S.A.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article