PR Newswire
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
SOURCE Telefônica Brasil