The net profit is mills Third-quarter sales decreased 4.8% year-on-year to R$67.3 million, despite a 15% increase in sales to a total of R$482.6 million. The company said this result resulted from a one-time accounting impact related to the reclassification of a non-recurring tax credit to correct a prior period error and did not impact cash. Adjusted profits should be R$69.6 million in the second quarter and R$85.1 million in the third quarter.
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Mills said the revenue growth was the result of performance in heavy goods, intralogistics, formwork and shoring lines, partially offset by the lifting platform business, due to a near-term competitive scenario. The recipe incorporates the results. next rentalthe acquisition was completed on August 14th.
The company recorded R$180.7 million in expenses and R$146.9 million in expenses, an increase of 16.6% and 12.5% for the year, respectively. The results put pressure on the company’s results, with expenses worsening by 43.2% to R$54.1 million. This deterioration was due to an increase in total debt for the period, costs associated with debt issuance, and an increase in the average CDI interest rate for the period.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 17.7% compared to the same period last year, totaling R$ 225.7 million. Profit margin increased by 1 point to 46.8%.
The company ended the quarter with net debt of R$1.28 billion, 12.2% higher than the level recorded in the previous quarter. In the same comparison, leverage, as measured by the ratio of net debt to EBITDA, rose from 1.4x to 1.5x.
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