America Movil returns to organic EBITDA growth in Q1

News General Latin America and the Caribbean 26 APR 2017
America Movil returns to organic EBITDA growth in Q1

America Movil reported a return to organic EBITDA growth in the first quarter, its first in eight quarters. EBITDA rose 1.5 percent at constant exchange rates, driven by a 3.1 percent increase in service revenue. The company attributed the growth to strong results in Mexico and Colombia, but said the recovery was broad based. 

On a reported basis, revenues rose 18.5 percent to MXN 264 billion, and EBITDA was up 15.8 percent to MXN 7.2 billion, giving a margin down slightly to 27.1 percent. Foreign exchange gains also contributed to a sharp rise in net profit, to MXN 35.9 billion from MXN 4.8 billion a year ago. 

In terms of customer growth, the company gained 632,000 postpaid mobile subscribers during the quarter, growing its base 5.1 percent year-on-year, while the prepaid base was down 3.3 percent after net disconnections of 1.4 million customers, mostly as a result of disconnections in the US under the SafeLink brand. Fixed RGUs increased by 1.8 percent year-on-year, led by 6.4 percent growth in broadband accesses. America Movil finished the quarter with 363 million access lines in total.

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General

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America Movil

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Latin America and the Caribbean

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Voice services, Data services, Financial figures

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