SÃO PAULO, Aug. 14, 2020
/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 second quarter 2020
results.
In 2Q20, net operating revenue, which considers construction
revenue, totaled R$4,432.5 million, a
growth of 10.9% over the same period of last year.
Costs and expenses, which consider construction costs, totaled
R$3,352.6 million, up 4.9% over
2019.
Adjusted EBIT totaled R$1,082.9
million, up 34.2% from the R$807.1
million recorded in 2Q19.
Adjusted EBITDA, in the amount of R$1,581.4 million, increased 28.4% when compared
to the R$1,231.6 million reported in
2Q19 (R$7,799.4 million in the last
12 months).
Adjusted EBITDA margin in 2Q20 was 35.7%, against 30.8% in 2Q19
(42.0% in the last 12 months).
Excluding the effects of revenue and construction costs,
adjusted EBITDA margin resulted in 45.7% in 2Q20, over 36.7% in
2Q19 (50.2% in the last 12 months).
In 2Q20, the Company recorded a net income of R$378.2 million, compared to R$454.4 million in 2Q19.
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