SAO PAULO, Feb. 21, 2017 /PRNewswire/ -- Telefônica Brasil - (Bovespa: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV), announces its results for the 4Q16. In 4Q16, Vivo maintains capture of synergies and efficiency initiatives, with solid margin expansion and cash flow generation.
| Consolidated in R$ million |
4Q16 |
% y-o-y |
2016 |
% y-o-y |
|
| Net Operating Revenues |
10,873.6 |
1.0 |
42,508.4 |
0.9 |
|
| Net Operating Services Revenues |
10,596.8 |
1.8 |
41,312.9 |
1.7 |
|
| Net services mobile revenues |
6,315.8 |
3.9 |
24,342.7 |
3.0 |
|
| Net fixed revenues |
4,281.0 |
(1.2) |
16,970.2 |
(0.2) |
|
| Net handset revenues |
276.9 |
(20.7) |
1,195.6 |
(20.0) |
|
| Operating costs |
(7,250.3) |
(1.1) |
(28,486.0) |
(3.2) |
|
| Recurring Operating costs* |
(7,197.8) |
(1.8) |
(28,845.8) |
(1.9) |
|
| EBITDA |
3,623.3 |
5.6 |
14,022.4 |
10.3 |
|
| EBITDA Margin % |
33.3% |
1.4 p.p. |
33.0% |
2.8 p.p. |
|
| Recurring EBITDA* |
3,675.8 |
7.1 |
13,662.6 |
7.3 |
|
| Recurring EBITDA Margin %* |
33.8% |
1.9 p.p. |
32.1% |
1.9 p.p. |
|
| Net income |
1,214.8 |
9.0 |
4,085.2 |
22.6 |
|
| Number of accesses (thousand) |
97,129 |
(0.1) |
97,129 |
(0.1) |
|
| Mobile accesses |
73,778 |
0.7 |
73,778 |
0.7 |
|
| Fixed accesses |
23,352 |
(2.4) |
23,352 |
(2.4) |
|
| (*) Adjusted by the towers sale in the 1Q16 in the amount of R$513,5 million, provision for corporate restructure in 2Q16 in the amount of R$101.2 million, R$19.2 million in the 3Q15 and R$52.5 million in the 4Q16. |
|||||
Market share expansion, reaching 30% in December 2016 (+1.8 p.p. y-o-y).
Mobile ARPU recorded y-o-y growth of 10.8% in 4Q16, fueled by the higher share of postpaid clients in the mix and the higher data usage, whose ARPU increased by 31.8% y-o-y in 4Q16, corresponding to 62.3% of total ARPU
Broadband accesses totaled 7.3 million customers in 4Q16 (+2.5% y-o-y), with FTTx* connections accounting for 57% of the base, accompanied by y-o-y growth of 9.3%. Broadband ARPU increased 7.5% in 4Q16 over 4Q15, influenced by the growth in the ultra-broadband customer base
Net operating service revenue grew 1.8% in 4Q16 over 4Q15 (4.2% up y-o-y excluding regulatory effects), and 1.7% in 2016 over 2015, maintaining the positive trajectory observed throughout the year.
Mobile services revenue rose 3.9% y-o-y in 4Q16. Excluding the effect from MTR reductions in 2016, this line increased 6.2% over 4Q15. Data and digital services revenue increased 23.7% y-o-y in 4Q16, accounting for 62% of mobile services revenue
Operating costs fell 1.1% in 4Q16 over 4Q15. Excluding the effect from the corporate restructuring in 4Q16, the reduction was 1.8% (LTM IPCA +6.3%), reflecting the continuous efforts to reduce costs by focusing on increasing efficiency and synergies
EBITDA totaled R$3.6 billion in 4Q16, 5.6% up on 4Q15, accompanied by an EBITDA margin of 33.3% (+1.4 p.p. y-o-y). Excluding the R$52.5 million non-recurring effect in 4Q16, EBITDA moved up by 7.1% over the previous year, with a margin growth of 1.9 p.p., fueled by the capture of synergies and efficiency initiatives. In 2016, recurring EBITDA totaled R$13,663 million (+7.3% y-o-y), accompanied by an EBITDA margin of 32.1% (+1.9 p.p. y-o-y)
CAPEX amounted to R$2.8 billion in 4Q16 and R$8.0 billion in 2016, excluding the investment in licenses made in the third quarter. EBITDA - Capex grew 28.2% in 2016 over 2015, reaching R$5.7 billion
The focus on executing synergies guaranteed the capture of 71% of NPV of best scenario and the full capture of the NPV of base scenario.
Net income totaled R$4,085 million in 2016 (+22.6% y-o-y), with IOC and dividends for the fiscal year amounting to R$4.1 billion, resulting in a payout of 105.6% on adjusted net income.
TELEFÔNICA BRASIL – Investor Relations
Eduardo Navarro
David Melcon
Luis Plaster
Maria Tereza David
+55 11 3430-3687 / [email protected]
Telefônica Brasil S.A.
Av. Eng. Luis Carlos Berrini, 1376 – 28º andar
São Paulo - 04571-936
Telefone: +55 11 7420-1172
E-mail: [email protected]
To download the complete version of the Company's earnings release, please visit our website: http://www.telefonica.com.br/ir
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