SABESP Announces 2020 Results
Rhea-AI Summary
SABESP (B3: SBSP3; NYSE: SBS) reported its financial results for Q4 and the entire year of 2020. The company achieved a net income of R$ 973.3 million, significantly down from R$ 3,367.5 million in 2019. Adjusted EBITDA also saw a decline, totaling R$ 6,421.8 million, a 14.5% decrease compared to R$ 7,510.5 million in the previous year. These results indicate considerable challenges faced by the company amidst financial pressures.
Positive
- None.
Negative
- Net income decreased to R$ 973.3 million from R$ 3,367.5 million in 2019.
- Adjusted EBITDA fell by 14.5% to R$ 6,421.8 million from R$ 7,510.5 million in 2019.
News Market Reaction – SBS
On the day this news was published, SBS declined 1.10%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
SAO PAULO, March 26, 2021 /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 fourth quarter and 2020 results.
In 2020, the Company recorded net income of R
Adjusted EBITDA totaled R
The complete version of the release is available at the Company's website: ri.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