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America Movil Q4 revenues down 1%, margins lower

Wednesday 13 February 2013 | 08:31 CET | News
America Movil reported fourth-quarter revenues down 1.1 percent to MXN 198 billion, hurt by the stronger peso. At constant exchange rates, service revenues rose 5.2 percent year-on-year and total revenues were up 5.8 percent, driven by growth in the mobile and pay-TV markets. EBITDA fell 8.0 percent to MXN 61.7 billion or 31.1 percent of sales, hurt by growth in low-margin businesses such as pay-TV and Tracfone and higher subsidies on smartphones. The net profit declined 8.2 percent to MXN 15.0 billion or MXN 0.20 per share. America Movil's net debt rose to MXN 372.2 billion at year-end from

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Categories: Mobile & Wireless
Companies: A1 Telekom Austria / America Movil / KPN
Countries: Latin America
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