The net profit is locate Third-quarter sales totaled R$258.1 million, down 68.2% year-on-year, despite a 10.8% increase in net revenue to R$10.73 billion. Of the revenues, the car rental division accounted for R$2.6 billion, the fleet management division accounted for R$2.3 billion, and used cars added R$5.8 billion.
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The company is Tax on Industrial Products (IPI); In July, used car sales prices were adjusted in response to a drop in new car prices.
The final figures were negatively impacted by a 15.7% increase in costs and a 10.4% increase in expenses, totaling R$6.55 billion and R$766.7 million, respectively. The results also reflected a 16.8% deterioration in financial costs to R$1.22 billion.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 2.6% compared to the third quarter of 2024, reaching R$3.4 billion.
Excluding the impact of the IPI reduction, the Rental Car segment recorded an average annual depreciation expense of R$7,652 per vehicle, while the Fleet Management segment recorded depreciation costs of R$8,602 per vehicle.
The company ended the quarter with 632,267 vehicles, which was steady compared to the third quarter last year.
At the end of the third quarter, Localiza’s net debt amounted to R$31.09 billion. In comparison, the level in the second quarter was R$31.34 billion.
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