SÃO PAULO, Nov. 14, 2019
/PRNewswire/ -- Companhia de Saneamento Básico do Estado de São
Paulo - SABESP (B3: SBSP3; NYSE: SBS), one of the largest water
and sewage services providers in the world based on the number of
customers, announces today its Third quarter 2019
results.
In 3Q19, net operating revenue, which considers construction
revenue, totaled R$ 5,410.6 million,
42.0% from 3Q18.
Costs and expenses, which consider construction costs, totaled
R$ 2,867.6 million, 5.5% up from
3Q18.
Adjusted EBIT totaled R$ 2.545.4
million, increasing by 133.1% from the R$ 1,092.1 million recorded in 3Q18.
Adjusted EBITDA totaled R$ 3,009.3
million, increasing by 109.8% from the R$ 1,434.6 million recorded in 3Q18 (R$ 8,110.0 million in the last 12 months e and
R$ 5,610.3 million in the 12-months
comparative period of 2018).
The adjusted EBITDA margin reached 55.6% in 3Q19, versus 37.6%
in 3Q18 (44.6% in the last 12 months and R$ 36.9% in the
12-months comparative period of 2018).
Excluding the effects of revenue and construction costs,
adjusted EBITDA margin reached 63.5% in 3Q19, compared to 46.0% in
3Q18 (52.2% in the last 12 months and 45.3% in the 12-months
comparative period of 2018).
Net income totaled R$ 1,208.9
million in 3Q19 versus a net income of R$ 565.2 million in 3Q18.
The complete version of the release is available at the
Company's website: www.sabesp.com.br
IR Contacts:
Mario Arruda
Sampaio: (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
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SOURCE Sabesp