Allos profit reaches R$ 84.9 million in 1Q24- Capitalist

Allos (ALOS3) achieved adjusted net profit of R$84.9 million in the first quarter of 2024, and adjusted Ebitda reached R$447.3 million, representing an increase of 6.7% compared to the same period of the previous year . The adjusted EBITDA margin was 72.6%, representing a slight increase of 0.2 percentage points over 1QR23.

Net revenue totaled R$616.4 million, an increase of 6.5% compared to 1Q23, driven mainly by media and parking revenues.

In relation to costs and expenses, the company maintained its adjusted NOI margin at 92.7%. This margin reflects the company’s operational efficiency after subtracting direct operating costs from total revenue.

FFO (Funds From Operations), which measures operational cash generation, reached R$289.7 million, representing an increase of 36.5% compared to 1QR23. The FFO margin was 47.0%, reflecting an improvement of 10.3 percentage points compared to the same period of the previous year, highlighting the operation’s effectiveness in generating cash.

In relation to debt, the ratio of net debt (R$435.8 million) to EBITDA was 1.8x. During the period, the company successfully carried out its 1st Debenture Issue, raising R$1.2 billion, indicating the market’s confidence in its financial strategy.

Allos (ALOS3)

The company announced yesterday that it had signed a binding agreement to purchase up to 15% of Shopping RioSul, located in Rio de Janeiro. The amounts involved in the agreement were not disclosed and will remain confidential until the conclusion of the negotiation, which does not yet have a defined date.

This is the first stake acquisition carried out by the company since March 2021. At the time, before the merger, Aliansce Sonae acquired 21% of Shopping Leblon, also located in the south zone of Rio, for R$275 million.

The company

The company is a leading company in the shopping center sector, the result of the merger between Aliansce Sonae and BRMalls. With an extensive network of 58 shopping malls under its management, Allos is a giant in the Brazilian market, operating in different regions of the country. The company is known for its dynamic performance and for constantly seeking opportunities for growth and expansion in its segment.