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Dienstag, 09.03.2021 19:07 von | Aufrufe: 121

Telecom Argentina S.A. announces consolidated annual results ("FY20") and fourth quarter of fiscal year 2020 ("4Q20")*

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PR Newswire

BUENOS AIRES, Argentina, March 9, 2021 /PRNewswire/ --

Note: For the figures included in their FFSS, the Company has accounted for the effects of inflation adjustment adopted by Resolution 777/18 of the Comisión Nacional de Valores ("CNV"), which establishes that the restatement will be applied to the annual financial statements, for intermediate and special periods ended as of December 31, 2018 inclusive. Accordingly, the reported figures corresponding to FY20 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally, comments related to variations of results of FY20 and vs. FY19 mentioned in this press release correspond to "figures restated by inflation" or "constant".

  • For comparative purposes, it is important to highlight that the results restated by inflation corresponding to December 2019 contain the effect of year over year inflation as of December 2020, which amounted to 36.1%.
  • Consolidated Revenues of Telecom Argentina amounted to P$301,596 million in FY20, from which Service Revenues totaled P$283,994 million (-6.3% in real terms vs. FY19). Services Revenues in 4Q20 totaled P$64,631 million (-14.3% vs. 4Q19). As it was established in the Agreement with the National Communications Entity ("ENACOM"), the prices of mobile and fixed telephony, Internet and pay TV did not increase from May 1 to August 31, 2020. In addition, according to the provisions set forth by Decree 690/2020, price increases or modifications established or announced as from July 31, 2020 were suspended until December 31, 2020.
  • Mobile clients in Argentina have reached 18.4 million in FY20 (-499 thousand or -2.6% vs. FY19). In a context of increased demand of fixed connectivity, cable TV subscribers totaled approximately 3.5 million (+26 thousand or +0.7% vs. FY19), while broadband accesses amounted to almost 4.1 million (+23 thousand or +0.6% vs. FY19).
  • Operating Income before Depreciation and Amortization amounted to P$102,888 million in FY20 (-2.0% vs. FY19). Operating Income totaled P$ 20,294 million (-5.6% vs. FY19).
  • The Company registered a Net Loss of P$5,104 million in FY20 (-3.6% vs. FY19). This lower Net Loss vs. FY19 was mainly due to a reduction in income tax charges, partially offset by higher losses attributable to net financial results.
  • Investments (including rights of use assets) reached P$66,750 million in FY20, equivalent to 22.1% of Consolidated Revenues.
  • Net Financial Debt amounted to P$175,004 million in FY20, (+3.0% in real terms vs. FY19).

*Unaudited non financial data



IAS 29


IAS 29





 (in million P$ adjusted by inflation, except where noted)**


As of
December 31,


ARIVA.DE Börsen-Geflüster

Kurse


As of
December 31,


Δ $ 


Δ % 


2020


2019





Consolidated Revenues


301,596


322,686


(21,090)


-6.5%

Operating Income before D&A  


102,888


104,942


(2,054)


-2.0%

Operating Income


20,294


21,503


(1,209)


-5.6%

Net income before income tax expense


3,147


13,997


(10,850)


-77.5%

Net Loss attributable to Controlling Company


(5,715)


(5,985)


270


-4.5%

Shareholders' equity attributable to Controlling Company


382,456


415,335


(32,879)


-7.9%

Net Financial Debt 


(175,004)


(169,936)


(5,068)


3.0%

Investments in PP&E, intangible assets & rights of use assets *


66,750


96,476


(29,726)


-30.8%










Fixed lines in service (in thousand lines) ***


2,821


3,183


(362)


-11.4%

Mobile customers (in thousand)


20,649


21,258


(609)


-2.9%

            Personal (Argentina)


18,433


18,932


(499)


-2.6%

            Núcleo (Paraguay) -including Wimax customers-


2,216


2,326


(110)


-4.7%

Broadband accesses in Argentina (in thousand)


4,146


4,123


23


0.6%

Pay TV Subscribers (in thousand)


3,543


3,517


26


0.7%










Average Billing per user (ARBU) Fixed Telephony / voice  (in P$ - Restated by inflation)


574.3


602.0


(27.7)


-4.6%

Average Revenue per user (ARPU) Mobile Services - Personal (in P$ - Restated by inflation)


436.2


431.7


4.5


1.0%

Average Revenue per user (ARPU) Broadband (in P$ - Restated by inflation)


1,271.0


1,441.5


(170.5)


-11.8%

Average Revenue per user (ARPU) Cable TV (in P$ - Restated by inflation)

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