America Movil’s first-quarter revenues totaled MXN 193 billion, slightly up compared to the year-earlier period in Mexican peso terms, and up by 6.1 percent year-on-year at constant exchange rates, with service revenues growing 4.6 percent led by mobile data and by pay-TV revenues which rose by 25.6 percent and 20.6 percent, respectively.
EBITDA reached MXN 63.8 billion, down 6.8 percent in local currency, while operating profit came in at MXN 38.7 billion, declining 10.1 percent from the year-earlier period. Net profit for the quarter hit MXN 26.9 billion, up nearly 80 percent sequentially, but down 17.4 percent year-on-year. The drop was mainly due to lower operating profits, and foreign exchange gains which were smaller than a year before.
After capital outlays of MXN 36.5 billion, including capital expenditures of MXN 20.4 billion and share buy-backs of MXN 16 billion in the quarter, net debt was down MXN 8.2 billion from December 2012 to MXN 364 billion at end-March 2013.
America Movil ended March with 328.2 million accesses, up by 7.4 percent year-on-year. America Movil had 262.9 million wireless subscribers, 30.3 million landlines, 17.8 million broadband accesses and 17.2 million pay-TV customers at 31 March.
In the first quarter, the operator added 1.1 million customers in Brazil, and 854,000 in Mexico. Tracfone in the US gained 839,000, twice as many as in the first quarter of 2012. Colombia saw 2.7 million disconnections, as a result of changes in the company’s reporting policy. In Central America, America Movil attracted 429,000 new customers and Chile, Ecuador and Peru added more than 200,000 each.
