An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
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
Sabesp is a Brazilian water and waste management company owned by the state of São Paulo. It provides water and sewage services to residential, commercial and industrial users in São Paulo and in 363 of the 645 municipalities in São Paulo State, typically under 30-year concession contracts.