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SABESP Reports Strong Financial Growth in 2024

SABESP Reports Strong Financial Growth in 2024

Companhia De Saneamento Basico Do Estado De Sao ( (SBS) ) has released its Q4 earnings. Here is a breakdown of the information Companhia De Saneamento Basico Do Estado De Sao presented to its investors.

Companhia De Saneamento Basico Do Estado De Sao Paulo, commonly known as SABESP, is a leading water and sewage service provider in Brazil, operating primarily in the state of São Paulo. The company is recognized for its extensive network and commitment to improving sanitation services across the region.

SABESP’s latest earnings report for 2024 highlights a significant financial performance improvement, driven by strategic initiatives and operational efficiencies. The company reported a notable increase in both revenue and net income compared to the previous year, showcasing its robust growth trajectory.

Key financial metrics from the report include a 19% rise in Adjusted EBITDA to R$ 11,339 million, with a margin improvement to 52%. The company’s net income surged by 172% to R$ 9,580 million, reflecting the impact of increased tariffs, new connections, and strategic cost management. Additionally, SABESP’s new concession agreement, covering 371 cities, provides enhanced legal assurances and financial stability.

The company’s strategic focus on process reviews and infrastructure improvements, including the Sabesp Gente program and IT enhancements, underscores its commitment to long-term growth. Investments in water and sewage infrastructure also saw a 10% increase, aligning with SABESP’s universalization targets.

Looking ahead, SABESP’s management remains optimistic about sustaining growth through continued operational improvements and strategic investments. The company’s focus on expanding its service reach and enhancing efficiency positions it well for future success in the competitive sanitation sector.

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