AM 2015 revenues edge up 1.2%; net income plunges 24.1%

10 Feb 2016

Carlos Slim-backed America Movil (AM) has reported revenues of MXN894.217 billion (USD47.697 billion) for the twelve month period ended 31 December 2015, representing an improvement of 1.2% year-on-year. EBITDA for the full year decreased 5.4% from MXN282.385 billion to MXN267.190 billion, while the company’s net income plummeted 24.1% y-o-y, from MXN46.180 billion to MXN35.055 billion. AM said the 2015 bottom line was heavily impacted by foreign exchange volatility throughout the world; the company’s foreign exchange losses ballooned 176.3% to MXN78.998 billion in the twelve months under review.

In operational terms, AM closed out December 2015 with a consolidated base of 285.534 million wireless subscribers, down 1.4% from 289.449 million one year earlier. Mexico remains the company’s largest single market in terms of cellular connections, with 73.697 million customers, closely followed by Brazil with 65.978 million. Meanwhile, AM’s total number of fixed line revenue generating units (RGUs, including wireline, broadband and pay-TV) grew 3.1% y-o-y, to 80.812 million. Brazil accounted for the lion’s share of these, with 36.627 fixed RGUs as of Q4 2015.

Mexico, America Movil (AM)