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Dienstag, 11.05.2021 07:55 von | Aufrufe: 194

Telecom Argentina S.A. announces consolidated results for the first quarter of fiscal year 2021 ("1Q21")*

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PR Newswire

BUENOS AIRES, May 11, 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 1Q21 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally, comments related to variations of results of 1Q21 and vs. 1Q20 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 March 2020 contain the effect of year over year inflation as of March 2021, which amounted to 42.6%.
  • Consolidated Revenues of Telecom Argentina amounted to P$82,547 million in 1Q21, of which Service Revenues totaled P$77,116 million (-9.2% in real terms vs. 1Q20), in a context where inflation still remains pretty high.
  • Mobile clients in Argentina reached 18.8 million in 1Q21 (-43 thousand vs. 4Q20). In turn, cable TV subscribers totaled approximately 3.5 million (-41 thousand vs. 4Q20), while broadband accesses amounted to almost 4.2 million (+12 thousand vs. 4Q20).
  • Operating Income before Depreciation and Amortization amounted to P$30,045 million (-4.4% vs. 1Q20) in 1Q21 due to a strict cost control. Meanwhile, Operating Income totaled P$ 5.387 million (-34.5% vs. 1Q20).
  • The Company registered a Net Income of P$9,012 million in 1Q21 (+139.2% vs. 1Q20), where the drop in Operating Income mentioned above was more than offset by accounting profits from FX differences. The exchange delay avoided the impact of losses in results due to the revaluation of the debt in dollars, as had happened in 1Q20.
  • Investments (including rights of use assets) reached P$19,522 million in 1Q21, equivalent to 23.6% of Consolidated Revenues.
  • Net Financial Debt amounted to P$185,425 million in 1Q21, (-3.1% in real terms vs. 1Q20).

*Unaudited non financial data



IAS 29

IAS 29





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


As of March
31,


ARIVA.DE Börsen-Geflüster

Kurse

As of
March 31,


Δ $ 


Δ % 


2021

2020



Consolidated Revenues


82,547

89,529


(6,982)


-7.8%

Operating Income before D&A  


30,045

31,418


(1,373)


-4.4%

Operating Income


5,387

8,225


(2,838)


-34.5%

Net income before income tax expense


12,240

6,182


6,058


98.0%

Net income attributable to Controlling Company


8,741

3,636


5,105


140.4%

Shareholders' equity attributable to Controlling Company


440,771

415,335


25,436


6.1%

Net Financial Debt 


(185,425)

(197,671)


12,246


-6.2%

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


19,522

14,244


5,278


37.1%









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


2,752

3,078


(326)


-10.6%

Mobile customers (in thousand)


21,004

21,110


(106)


-0.5%

            Personal (Argentina)


18,796

18,839


(43)


-0.2%

            Núcleo (Paraguay) -including Wimax customers-


2,208

2,271


(63)


-2.8%

Broadband accesses in Argentina (in thousand)


4,157

4,074


84


2.1%

Pay TV Suscribers (in thousand)


3,520

3,479


41


1.2%









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


589.5

695.1


(105.6)


-15.2%

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


485.5

502.1


(16.6)


-3.3%

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


1,358.4

1,579.8


(221.4)


-14.0%

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

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