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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 Payand 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
somos uma empresa do grupo telefónica, um dos maiores conglomerados de comunicação do mundo, com presença em 20 países e mais de 120 mil colaboradores. no brasil, nossos produtos e serviços são comercializados com a marca vivo, assim como movistar na espanha e países de língua espanhola e o2 reino unido e alemanha. líder em âmbito mundial na oferta de soluções de comunicação, informação e entretenimento, nosso portfólio é amplo e completo, passando por serviços como banda larga fixa e móvel, voz, ultra banda larga, dados e ti. temos trabalhado para nos consolidar como uma telco digital. atualmente desenvolvemos produtos e serviços para que possamos apresentar novas soluções em áreas como e-health, vídeo, m2m, publicidade móvel, pagamento pelo celular, entre outros. com esses produtos, acreditamos que ajudaremos nossos clientes a viver melhor. conecte-se à telefônica brasil e entenda como abrimos caminho para transformar possibilidades em realidade, criando valor para o colaborador, cli