Enhanced Investments - Financial Portal

Sabesp Announces 2Q21 Results

Published: 2021-08-12 23:53:00 ET

SÃO PAULO, Aug. 12, 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 second quarter of 2021 results.

The Company recorded a net income of R$ 773.1 million in 2Q21, compared to R$ 378.2 million in 2Q20.

The net operating revenue, which considers construction revenue, totaled R$ 4,595.9 million in 2Q21, up by 3.7% over 2Q20.

Costs and expenses, which consider construction costs, totaled R$ 3,700.0 million, up by 10.4% over 2Q20.

Adjusted EBITDA, of R$ 1,453.2 million, fell by 8.1% from the R$ 1,581.4 million recorded in 2Q20 (R$ 6,446.1 million in the last 12 months).

Adjusted EBITDA margin reached 31.6% in 2Q21, compared to 35.7% in 2Q20 (34.7% in the last 12 months).

Excluding the effects of revenue and construction costs, the adjusted EBITDA margin reached 40.0% in 2Q21, compared to 45.7% in 2Q20 (44.2% in the last 12 months).

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)Juliana P. S. Jardim: (55 11) 3388-9267 (jpsjardim@sabesp.com.br)

View original content:https://www.prnewswire.com/news-releases/sabesp-announces-2q21-results-301354816.html

SOURCE Sabesp

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.