Energisa (ENGI11) reported a net profit of R$901.9 million in the first quarter, registering an annual increase of 126%. In the same period, revenue grew 22%, totaling R$7.97 billion.
Net operating revenue, excluding construction revenue, reached R$5.96 billion in the first quarter, an increase of 14% compared to the same period in 2023. Consolidated operating costs and expenses, also excluding construction costs, totaled R$4.87 billion, representing an annual increase of 20%.
Earnings before interest, taxes, depreciation and amortization (Ebitda) reached R$2.53 billion between January and March, an annual increase of 36%. The Ebitda margin was 31.7%, an increase of 3.3 percentage points.
As of March 31, net debt was R$22.88 billion, compared to R$24.87 billion in December 2023. As a result, the net debt/adjusted EBITDA ratio was 2.6 times.
Energisa (ENGI11)
The National System Operator (ONS) issued the Release Term for the transmission functions of Energisa Tocantins Transmissora de Energia II SA (ETT II), as announced by the company on the 8th.
This stage was completed five months ahead of the regulatory deadline established for September 30, 2024.
In addition to the early completion, the company highlighted that the project cost remained within budget.
The company
Energisa is one of the main companies in the electricity sector in Brazil. It operates in the generation, distribution and sale of electrical energy. Headquartered in Cataguases, Minas Gerais, the company has a presence in several Brazilian states, including Minas Gerais, Rio de Janeiro, São Paulo, Mato Grosso, Mato Grosso do Sul, Tocantins, Paraíba, Sergipe and Paraná. Energisa operates in different segments of the electricity market, from energy generation to distribution to end consumers.
Tags: Energisas profit rises #1QR24 Capitalist
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