SAO PAULO, May 11, 2021 /PRNewswire/ — Telefônica Brasil – (B3: VIVT3 [Common Shares]; NYSE: VIV), announces its results for 1Q21.
Net revenue shows an inflection point and resumes growth in the quarter, driven by record revenues in fiber
|
R$ million |
1Q21 |
% y-o-y |
|
Net Operating Revenues |
10,849 |
0.2 |
|
Core Revenue |
9,563 |
4.7 |
|
Mobile Revenue |
7,147 |
1.1 |
|
Fixed Core Revenue |
2,416 |
17.2 |
|
Non-Core Revenue |
1,286 |
(24.1) |
|
Total Costs |
(6,394) |
1.2 |
|
Recurring Total Costs |
(6,394) |
0.0 |
|
Recurring EBITDA |
4,455 |
0.5 |
|
Recurring EBITDA Margin |
41.1% |
0.1 p.p. |
|
Reported EBITDA |
4,455 |
(1.1) |
|
Reported EBITDA Margin % |
41.1% |
(0.6) p.p. |
|
Net Income |
942 |
(18.3) |
|
Capex | Ex- IFRS 16 |
1,943 |
18.0 |
|
Free Cash Flow after Lease Payments |
2,199 |
3.7 |
|
Total Subscribers (thousand) |
95,809 |
2.9 |
|
Core Subscribers |
85,816 |
6.6 |
|
Non-Core Subscribers |
9,993 |
(20.4) |
Mobile market share reached 33.1% in March 2021, maintaining undisputed leadership in the mobile business. Postpaid accesses grew 5.2% y-o-y and accounted for 57.7% of total mobile accesses, with a market share of 37.0% in March 2021.
Fiber-to-the-home broadband customers totaled 3,746 thousand (+41.2% y-o-y), posting accelerated additions of high-quality customers in 1Q21. FTTH Revenues increased 61.2% versus 1Q20, reaching the record of R$1,010 million.
Net revenues resume growth (+0.2% y-o-y), underlining the successful transformation of revenue profile. Core businesses represented 88% of total revenues with increasing relevance. Core fixed revenues continue to grow significantly (+17.2% y-o-y) while mobile revenues are showing solid recovery (+1.1% y-o-y).
Total Costs remained flat in 1Q21, despite the accelerated inflation, as Company’s efficient cost management compensated higher cost of goods and services sold.
Recurring EBITDA totaled R$4,455 million (+0.5% y-o-y) in 1Q21, with a recurring EBITDA margin of 41.1%.
Investments of R$1,943 million in 1Q21, focused on the expansion of the FTTH network and the capacity of the 4G and 4.5G networks.
Shareholder remuneration declared until April-21 reaches R$700 million, representing a dividend yield of 7.9%.
Free Cash Flow after Leasing payments reached R$2,199 million in 1Q21 (+3.7% y-o-y), reflecting efficient financial management.
Launch of Vivo Pay and Vida V, and partnerships with Dotz, CDF and Itaucard, strengthen Vivo’s positioning as a digital services hub.
TELEFÔNICA BRASIL – Investor Relations
Christian Gebara
David Melcon
Luis Plaster
João Pedro Carneiro
+55 11 3430-3687 / ir.br@telefonica.com
To download the complete version of the Company’s earnings release, please visit our website: http://www.telefonica.com.br/ir
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SOURCE Telefônica Brasil
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