Press release from PR Newswire
1Q12 Results: Telefonica Brasil S.A.
Thursday, May 10, 2012
1Q12 Results: Telefonica Brasil S.A.06:40 EDT Thursday, May 10, 2012SAO PAULO, May 10, 2012 /PRNewswire/ -- Telefonica Brasil - (Bovespa: VIVT3 [ON = Common Shares] / VIVT4 [PN = Preferred Shares]; NYSE: VIV), announces its consolidated results for the first quarter 2012 (1Q12). Combining accelerated growth in mobile revenue and important progress in the integration process, we recorded 90 million accesses and EBITDA Margin of 34.2%. AND PROFITABILITY, TELEFONICA BRASIL RECITDA OF R$ 12.0 BILLION AND NET PROFIT OF R$ 5.1 BILLION IN THE YEAR. R$ million1Q124Q111Q11Net Revenue8,314.38,600.18,017.5Total Operating Costs(5,467.0)(5,292.5)(5,177.6)EBITDA2,847.33,307.62,839.9EBITDA Margin (%)34.2%38.5%35.4%Net Result956.61,462.31,128.5Number of accesses (thousand)90,03686,86477,124Mobile accesses74,78471,55462,061Fixed accesses15,25215,31115,062Total accesses reached 90,0 million in 1Q12 (+16.7% y-o-y), 74.8 million of which in the mobile business (+20.5% y-o-y) and 15.3 million in the fixed-line business (+1.3% y-o-y); Growth in net additions in the mobile business, which totaled 3.2 million net additions in the quarter and growth of 82.6% y-o-y;We increased our leadership in all businesses in the mobile market. Mobile market share totaled 29.8% (+0.3 p.p. y-o-y and q-o-q). Increased leadership in data, in which we reached a market share of 43.8% (+2.2 p.p. y-o-y), and also in postpaid, with respective market share of 36.5% (+0.9 p.p. y-o-y); Mobile broadband accounted for almost one half of the new market additions (49.2%) and accesses with data plans or packages grew by 126% y-o-y. Fixed broadband accesses moved up by 9.1% y-o-y to 3.7 million accesses;Corporate business was the first to obtain positive results with the integration of services, increasing accesses by 14.3% y-o-y;Net service revenues of R$8,133.0 million in 1Q12 represents annual growth of 5.4%, affected by regulatory changes which reduced growth in around 1 p.p.; Mobile Services Revenue has accelerated its annual growth, recording a positive variation of 12.8%, driven by the Data and VAS revenue, which recorded + 33.9% y-o-y. In the quarter, Data already represents about 27% of the Net Services Revenue;EBITDA Margin of 34.2% in the quarter (-1.2 p.p. y-o-y);Operating cash generation reached R$2,133.5 million, +29% y-o-y.TELEFONICA BRASIL ? Investor RelationsGilmar Roberto CamurraCristiane Barretto SalesCarlos Raimar SchoeningerLuis Carlos PlasterMaria Tereza Ali Pelicano DavidChucri Zaidam, 860 ? Morumbi ? SP ? 04583-110Phone: +55 11 7420-1172Email: firstname.lastname@example.org To download the complete version of the Company's earnings release, please visit our website: http://www.telefonica.com.br/investidoresSOURCE Telefonica Brasil S.A.