SAO PAULO, Oct. 25, 2016 /PRNewswire/ -- Telefônica Brasil - (Bovespa: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV), announces its results for the 3Q16. In 3Q16, Vivo maintains capture of synergies and efficiency initiatives, with solid margin expansion and cash flow generation.
| Consolidated in R$ million |
3Q16 |
% y-o-y |
9M16 |
% y-o-y |
| Net Operating Revenues |
10,693.4 |
1.1 |
31,634.8 |
0.8 |
| Net mobile revenues |
6,439.0 |
2.7 |
18,945.6 |
1.3 |
| Net fixed revenues |
4,254.4 |
(1.4) |
12,689.2 |
0.2 |
| Operating costs |
(7,283.1) |
(2.2) |
(21,235.7) |
(3.9) |
| Recurring Operating costs* |
(7,283.1) |
(1.9) |
(21,648.0) |
(1.9) |
| EBITDA |
3,410.3 |
8.8 |
10,399.1 |
12.0 |
| EBITDA Margin % |
31.9% |
2.3 p.p. |
32.9% |
3.3 p.p. |
| Recurring EBITDA* |
3,410.3 |
8.1 |
9,986.8 |
7.4 |
| Recurring EBITDA Margin %* |
31.9% |
2.1 p.p. |
31.6% |
1.9 p.p. |
| Net income |
952.7 |
9.6 |
2,870.4 |
29.5 |
| Number of accesses (thousand) |
97,202 |
(6.2) |
97,202 |
(6.2) |
| Mobile accesses |
73,495 |
(7.5) |
73,495 |
(7.5) |
| Fixed accesses |
23,707 |
(2.3) |
23,707 |
(2.3) |
| (*) Adjusted by the towers sale in 1Q16 in the amount of R$ 513.5 million, provision for organizational restructure in 2Q16 in the amount of R$ 101.2 million and in 3Q15 in the amount of R$ 19.2 million. |
||||
Leadership in postpaid, with continued growth (+6.8% y-o-y in 3Q16) and share of net additions reaching 42.9% until August 2016. Postpaid market share stood at 42.4% in August (+0.3 p.p. y-o-y).
Mobile ARPU recorded y-o-y growth of 14.9% in 3Q16, driven by market rationality, the increased mix of postpaid clients and the 35% y-o-y growth in Data ARPU, which corresponded to 58.9% of total ARPU in the period.
Broadband accesses totaled 7.3 million in 3Q16 (+1.8% y-o-y), with FTTx accounting for 56.3% of the total accesses and with an 8.6% y-o-y growth. Broadband ARPU increased by 7.8% y-o-y in 3Q16, influenced by the growth in the ultra-broadband customer base.
Pay TV accesses totaled 1.8 million in 3Q16, with IPTV growth of 38.5%, while pay TV ARPU grew 12.4%, reflecting the Company's strategy of focusing on higher-value clients.
Net operating services revenue grew 2.2% in 3Q16 over 3Q15 (+4.5% y-o-y excluding regulatory effects), maintaining its positive performance.
Mobile services revenue climbed 4.9% y-o-y in 3Q16. Excluding the effect of MTR reductions in 2016, this line increased 7.0% over 3Q15. Data and digital services revenue rose 23.3% y-o-y in 3Q16, driven by the strong increase in mobile internet revenue, which grew 36.4% over 3Q15.
Operating costs fell 2.2% y-o-y in 3Q16. Excluding the effect from the corporate restructuring in 3Q15, the reduction was 1.9%, reflecting the continuous efforts to reduce costs by focusing on increasing efficiency and synergies.
EBITDA totaled R$3.4 billion in 3Q16, 8.8% up on 3Q15, with an EBITDA margin of 31.9% (+2.3 p.p. y-o-y). Excluding the R$19.2 million non-recurring effect in 3Q15, EBITDA climbed 8.1% y-o-y, with a margin increase of 2.1 p.p. over the previous year, driven by the capture of synergies and efficiency initiatives.
Third-quarter investments amounted to R$1.9 billion, accounting for 18.2% of net operating revenue. Recurring EBITDA – Capex grew by 42.3% over 3Q15, with a strong expansion in FCF (+36.7% y-o-y).
The focus on executing synergies guaranteed the capture of 64% of NPV of best case scenario and fully delivering the NPV of the base case scenario.
TELEFÔNICA BRASIL – Investor Relations
Amos Genish
David Melcon
Luis Plaster
Maria Tereza David
+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
Contact:
Telefônica Brasil S.A.
Av. Eng. Luis Carlos Berrini, 1376 - 28º andar
São Paulo - 04571-936
Telephone: +55-11-7420-1172
E-mail: [email protected]
SOURCE Telefonica 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