Press release from PR Newswire
2Q12 Results: Telefonica Brasil S.A.
Wednesday, July 25, 2012
2Q12 Results: Telefonica Brasil S.A.06:40 EDT Wednesday, July 25, 2012SAO PAULO, July 25, 2012 /PRNewswire/ -- Telefonica Brasil - (Bovespa: VIVT3 [ON = Common Shares] / VIVT4 [PN = Preferred Shares]; NYSE: VIV), announces its consolidated results for the second quarter 2012 (2Q12). Combining accelerated growth in mobile revenue and increased rationality in selling expenses, recorded EBITDA Margin of 37.5%. R$ million2Q121Q122Q11Net Revenue8,243.58,314.38,260.9Total Operating Costs(5,150.6)(5,467.0)(5,198.2)EBITDA3,092.92,847.33,062.7EBITDA Margin (%)37.5%34.2%37.1%Net Result1,085.5956.61,149.4Number of accesses (thousand)90,85890,03679,331Mobile accesses75,72074,78464,049Fixed accesses15,13815,25215,282Total accesses reached 90.9 million in 2Q12 (+14.5% y-o-y), 75.7 million of which in the mobile business (+18.2% y-o-y) and 15.1 million in the fixed-line business (-0.9% y-o-y); In the mobile market, the market share totaled 29.6% (+0.1 p.p. y-o-y), even considering the additional disconnected lines of 1.6 million prepaid accesses in the quarter; We increased our leadership in the postpaid market, recording 36.6% market share (+0.5 p.p. y-o-y). Considering only the number of modens and according to the data published by Anatel in June, 49.2% of brazillian customers are from Vivo. Fixed broadband accesses moved up by 7.1% y-o-y to 3.7 million accesses;Corporate business continued to expand, recording, in 2Q12, annual growth of net additions of 36% in fixed voice, 20% in broadband and 71% in mobile accesses;The launching of Vivo brand for fixed-line services in April, and the operation quality strengthening already result in major increase in customer satisfaction with voice services, broadband and Pay TV;Net service revenues of R$8,075.0 million in 2Q12 represents annual growth of 1.0%, affected by regulatory changes which reduced growth by around 2 p.p.; Mobile Services Revenue maintained its high annual growth, recording a positive variation of 10.9% (+13.8% without the MTR impact), driven by the Data and VAS revenue, which recorded annual growth of 21.0% in 2Q12;Operating costs decrease in 2Q12 (-0,9% y-o-y) due to the acceleration on the synergy capturing process, reasonable commercial strategy and non-recurrent events. EBITDA Margin of 37.5% in the quarter (+0.4 p.p. y-o-y);Cash flow after investment activities reached R$1,678.7 million in the semester, +7.5% 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: email@example.com To download the complete version of the Company's earnings release, please visit our website: http://www.telefonica.com.br/investidores. SOURCE Telefonica Brasil S.A.