Sanepar (SAPR4) profits R$ 291.9 million in the 1st quarter, up 18.4%

Sanepar (SAPR4) recorded net income of R$ 291.9 million in the 1st quarter, representing an increase of 18.4% in relation to the same period last year.

According to Sanepar, profit was mainly influenced by the increase in net operating revenue and the quarter did not record non-recurring items.

Sanepar’s earnings before interest, taxes, depreciation and amortization (Ebitda) totaled R$ 595.7 million, an increase of 14.5%, with a margin of 42.3% (-0.3pp).

Net revenue totaled R$ 1.406 billion, an increase of 14.7%, while the net operating result increased by 14.5%. Thus, the operating margin stood at 28.8% (+0.05pp) and the gross margin at 54% (-2.6pp).

More about Sanepar

The number of water connections increased by 2.2%, to 3,366,868, with an increase of 2.2% in residential, to 3,060,439, and of 2.8% for commerce, to 241,797.

In terms of sewage connections, the total reached 2,393,917, up 2.9% over a year earlier, of which residential rose 2.9% to 2,165,915 and commercial 2.9% to 191,235.

The company’s net debt stood at R$3.145 billion, an increase of 13.3% compared to the same period a year earlier.

Meanwhile, the ratio between net debt and Ebitda stood at 1.3 times, compared to 1.4 times at the end of the 1st quarter of 2021.

The financial result was stable, with a negative result of R$ 55.3 million.

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