The profit group liquid SBF Third-quarter profit decreased by 35.7% to R$86 million, compared to a profit of R$133.7 million in the same period last year. owner of centaur And then fisiaoperator of nike In Brazil, revenues totaled R$1.93 billion, an increase of 9.4%.
Adjusted profit, which ignores the IFRS-16 accounting model, was R$103.8 million, down 14% for the year.
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The final result was adversely affected by a 15% increase in costs (totaling R$1.02 billion) and a 54% decrease in other operating income. The capital equivalent line also had a negative impact on the company’s balance sheet, which reported a loss of 534 million reais, compared to a profit of 379 million reais in the third quarter of last year.
Furthermore, the financial results for the year deteriorated by 53.3%, with total expenses amounting to R$72.7 million.
“With tax incentives already in place across all channels, the company hopes to significantly reduce the impact of the exchange rate devaluation observed in Fisia and maintain net margins,” the company said in a document attached to its balance sheet.
Earnings before interest, taxes, amortization, and amortization (EvidaEnglish acronym) was R$ 242.6 million, 10.8% lower than the figure calculated between July and September last year. Based on the same comparison, EBITDA margin decreased by 2.9 points to 12.5%.
SBF ended the third quarter with net debt of R$674.4 million, 16% higher than the same period last year. This was due to a seasonal inventory increase in the fourth quarter and an increase in working capital demand due to increased investment during the same period. In the same comparison, pre-IFR-16 leverage increased from 0.78x to 0.94x.
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