SAO PAULO, Feb. 20, 2019 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV), announces its results for 4Q18.
Growth in key revenues lines and cost-efficiency, combined with non-recurring items, leads to record Net Income of R$ 8.9 billion in 2018.
Consolidated in R$ million |
4Q18 |
% y-o-y |
2018 |
% y-o-y |
Net Operating Revenues |
11,093.9 |
0.5 |
43,448.0 |
0.6 |
Net Mobile Revenues |
7,056.0 |
3.0 |
27,333.1 |
3.3 |
Net Fixed Revenues |
4,037.8 |
(3.5) |
16,114.9 |
(3.8) |
Net Handset Revenues |
505.5 |
70.0 |
1,674.9 |
56.5 |
Recurring Operating Costs |
(6,989.9) |
(1.4) |
(27,974.5) |
(2.0) |
Recurring EBITDA |
4,104.0 |
4.0 |
15,473.5 |
5.5 |
Recurring EBITDA Margin % |
37.0 |
1.2 p.p. |
35.6 |
1.7 p.p. |
Net Income |
1,486.7 |
(2.0) |
8,928.3 |
93.7 |
Total Accesses (thousand) |
95,189 |
(2.7) |
||
Mobile accesses |
73,160 |
(2.4) |
||
Fixed accesses |
22,029 |
(3.6) |
Mobile Market share expansion, reaching 31.9% in December 2018 (+0.2 p.p. y-o-y). Mobile Postpaid accesses increased 9.9% y-o-y, reaching 40.5% of market share in December 2018 (17.0 p.p. above the second player).
Broadband accesses totaled 7,458 thousand customers in 4Q18 (+0.3% y-o-y), with UBB connections already accounting for 66.9% of the base after growing 9.9% y-o-y (with FTTH accesses growing 46.8% in 4Q18).
Broadband ARPU recorded y-o-y growth of 11.8% in 4Q18 reaching R$62.8, influenced by the evolution of the ultra-broadband customer base.
Net Operating Revenues increased 0.5% in 4Q18 over 4Q17. In 2018, Net Operating Revenues grew 0.6% y-o-y.
Net Mobile Revenues rose 3.0% y-o-y in 4Q18 (+3.3% y-o-y in 2018). This growth was mainly driven by the expansion of Data and Digital Service Revenues and by higher Net Handset Revenues.
Recurring Operating Costs fell 1.2% y-o-y in 4Q18. In 2018, costs dropped 2.0% y-o-y, driven by digitalization and simplification initiatives, consolidating three consecutive years of cost reduction.
Recurring EBITDA totaled R$4,104 million in 4Q18, 4.0% up on 4Q17 (R$15,473.5 million in 2018, 5.5% higher than 2017), reaching a solid Recurring EBITDA margin of 37.0% in the quarter (35.6% in 2018), fueled by the increase of Net Mobile Revenues and by our cost efficiency initiatives.
CAPEX amounted to R$2,113.3 million in 4Q18, reaching R$8,193.3 million in 2018. The investments were mainly focused on improving network capacity and quality by increasing 4G/4.5G coverage and FTTH roll-out, launching 30 new cities with this technology in 2018.
Net Income (Reported) totaled R$1,486.7 million in 4Q18, reaching a record-level of R$8,928.3 million (+93.7% y-o-y) in 2018, on the back of solid EBITDA expansion and the extraordinary judicial gains registered in the quarter.
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.
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