TIM Brazil has Normalized Net Income

Normalized Ebitda (earnings before interest, taxes, depreciation and amortization) reached R$ 2.1 billion in the period, an increase of 5.1% on the same basis of annual comparison.

TIM Brazil obtained normalized net income of R$ 419 million in the first quarter of 2022, an increase of 51.2% compared to the same period in 2021, according to a balance sheet published this Tuesday, 3.

Normalized Ebitda (earnings before interest, taxes, depreciation and amortization) reached R$ 2.1 billion in the period, an increase of 5.1% on the same basis of annual comparison. The Ebitda margin fluctuated 1.6 percentage points down, reaching 44.9%.

Net revenue grew 8.9% between January and March, totaling R$ 4.727 billion. According to the company’s release, this result is due to “the revenue from Mobile Services (8.6% y/y) which was the main lever and presented a strong performance in all segments”.

Mobile postpaid rose 8.2% year-on-year. Mobile prepaid was again positive, up 3.2% and the customer platform more than doubled in size, with an increase of 107%. In this context, only Interconnection Revenue (ITX) fell by 17.4% y/y, with the reduction of incoming traffic.

From January to March, the net financial result was negative by R$ 248 million, a decrease of approximately R$ 23 million in the annual comparison, informs TIM, in the financial statement that accompanies the result. The difference, according to the operator, mainly reflects the net result between higher revenue and higher financial expenses.

TIM closed the first quarter of 2022 with net debt of R$5.88 billion and leverage (measured by the ratio between net debt and Ebitda) of 0.7x.

Reviewer overview

TIM Brazil has Normalized Net Income - /10

Summary

Normalized Ebitda (earnings before interest, taxes, depreciation and amortization) reached R$ 2.1 billion in the period, an increase of 5.1% on the same basis of annual comparison.

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