Tuesday , January 31 2023

Mourão visits the Petrobras board, and Natura profits surpass 118%, another 31 scales and more news.


General Mourão

S PAO – from radar InfoMoney On this Friday (9th), the Petrobras board sees General Mourão, Cyrela's losses rise 17.8 times in the third quarter, Natura's revenue grows 118%, another 30 balances and more news.

Check out company highlights this morning:

Petrobras (PETR3, PETR4)

Petroleum Natural Gas and Biofuels (ANP) has approved $ 1.04 billion in payments to Petrobras in the Detroit Grants program. Payment is from August 1 to 30, the first period of the program's third stage.

In addition, Hamilton Mourão, deputy director of Jair Bolsonaro (PSL) in Petrobras' radar, will receive company technical information on Friday from the provincial director.

The volatility of Petrobras stock prices has increased due to speculation about the transition to Petrobras. On Tuesday (6), the president of the country, Ivan Monteiro, said it would be up to the new government to decide on the company's orders.


CVC posted adjusted net income of $ 92.8 million in the third quarter of 2018,Up 20.1% year-on-year.

Net income for the period was $ 414.9 million, up 32.2% from a year earlier. Adjusted EBITDA of travel agencies increased by 23.3% to 253 million R (49.5%).

According to BTG Pactual, this result was a good result of double-digit revenue growth as synergies became the main catalyst for this quarter. On the negative side, operating cash flow fell to R $ 58 million (R $ 277 million R), which was mainly affected by the deterioration of working capital.

Banco PinePINE4)

Banco Pine recorded a net profit of R $ 4.83 million, compared with a loss of R $ 24.412 billion recorded in the same period last year.

During this period, service revenue decreased by 18.4% to 14.4 million R, but the bank's revenues were R $ 32.46 million (R $) due to the reversal of the credit provision. Financial intermediation results, including credit, increased by 52.8% to $ 157.7 million.

EzTec (EZTC3)

Eztec posted a net income of $ 33.9 billion (R $) in the third quarter, the highest estimate that Bloomberg had compiled. Net net sales were R4 87 million. Ebitda (interest, tax, depreciation and amortization and profit before amortization) was 2.44 million R (R) with 2.8% margin.

EzTec announced the Itaú BBA highlights, a positive figure backed by cost savings and solid financial results from the Jardins do Brasil project. Free cash flow was a positive surprise.

BK Brazil (BKBR3)

Burger King Brazil recorded net income attributable to controlling shareholders of $ 27 million (R $), the highest estimate that Bloomberg had compiled. Between July and September, net operating revenues were $ 611 million. Adjusted EBITDA amounted to RMB777 million in the quarter, and the adjusted BIT margin was RMB61.9 billion.

BTG Pactual pointed out that the results were strong as Ebitda margin expanded to 120 basis points. "The worst has been over since the second quarter due to the strikes of the World Cup and the truckers," says analysts. "From now on, stocks will gain momentum and repeat positive views," analysts say.

Sabesp (SBSP3)

Sabesp recorded a net profit of R $ 565.2 million (R $), higher than the market outlook, between July and September. Net operating revenues were $ 3.81 billion, and the adjusted Ebitda was $ 130 million (R $ 37.6 million).

According to BTG Pactual, sales in the third quarter were disappointing, only 0.1% YoY, but in line with previous quarter trends, expectations were up 3%. Lowering the volume led to a net profit decline, while this beat (Ebitda) was in line with the consensus. At the same time, the controllable cost has increased significantly, which was a negative highlight.

Analysts have pointed out that after a disappointing tariff review, the new government hopes to bring the discussion on privatization back to the table. However, João Doria, the newly elected Sao Paulo governor, said that Sabesp will continue to grow as a state-owned enterprise and seek to create a holding company structure. In order for investors to become more passionate about investment cases, And expect to be a strategic partner for Sabesp, "they say.

Tecnisa (TCSA3)

In the third quarter, Tecnisa posted a net loss of Rs. The company's net revenues were R $ 26.3 million, which negatively impacted net revenues for consolidated projects. Adjusted EBITDA reached R $ 67.2 million.

According to BTG Pactual, the results were weak and below expectations, resulting in a loss of R $ 73 million due to sluggish revenues (one-fourth of cancellations). A careful view of paper continues.


The net profit for the third quarter of JSL is expected to reach RMB 54.2 million (RMB). The net income for this period was also RND 2 billion, higher than expected. Ebitda made a total profit of Rs.420 million (24.9%).

Equatorial EnergyEQTL3)

Equatorial posted adjusted net income of 262 million R in the third quarter of 2018. Net borrowings were RMB 3,377 million and operating profit was RMB 2,730 million, while CAPEX was RMB 560 million. During this period, the adjusted Ebitda of the company was adjusted to RM576 million, and the margin of this ratio was adjusted to 21.1%.

In the case of Itaú BBA, the low default rate was robust but the loss was worse than the bank's estimate.


Gafisa posted a net loss of 37.2 million R (R) in the third quarter and net sales of 233.0 million R (R). The adjusted Ebitda adjustment was R $ 2.05 billion and the adjusted Ibbit margin was 8.1%.

Gafisa was neutral with Itaú BBA. We have shown reasonable loss for our estimates. The company also suffered from cash-related burns during this period, mainly as spending on land.

Randon (RAPT4)

Randon posted a net profit of $ 41.7 million from July to September this year. Net revenues were $ 1,110 million, and adjusted revenues were R $ 176.4 million (R $) and margins were 15%.

Credit Suisse pointed out that Randon has reported strong results that far exceed consensus, except for Ebitda's non-recurring items. Analysts raised their target price to $ 9 per share, but maintained neutral recommendations because of the risk of valuation and reduced sales.

Alupha (ALUP11)

Alupar recorded an EBITDA of RM34.16 billion in the third quarter. The result was higher than the market's highest figure of RM322 million. During this period, net debt was RMB2.76 billion, but net profit was RMB10.77 billion.

According to Itaú BBA, Alupar's figures were slightly positive with robust operating performance due to cost control and allocation strategies.


This morning, Kroton announced its third quarter earnings. Adjusted net income was R 404 million and R $ 1,250 million. The adjusted Ebitda totaled R $ 535.4 million with a margin of R $ 42.8%.

Natura (NATU3)

Natura posted a net profit of R $ 132.8 million (R $) in the third quarter, an increase of 117.9% over the same period last year. EBITDA (interest, tax, depreciation and amortization) increased 7.23% to RMB 483 million (RMB), while Ebitda margin declined 4.1% to 14.9%. .

Consolidated net profit was RMB 3,134 million (RMB), up 37.1% from the previous year. Net financial results decreased by $ 169.9 million compared to $ 275.4 million in the third quarter of 2017.

As Brazil Plural pointed out, Natura's results confirmed the company's discourse on the strong and decisive execution of global strategies. Despite being impacted by a series of non-recurring events in the fourth quarter, the company was able to begin various operational improvements within the profit side and within the value proposition.

Natura's consulting base has grown steadily, while productivity per consultant has continued to show double-digit growth and the company's new relationship guidelines dealing with consultants and differentiated incentives continue to evolve. The company also announced that online sales have doubled and that there are already 650,000 consultants using mobile platforms. However, they are waiting for a clear view of the results of The Body Shop, and the recovery plan is still ongoing and the brand must prove to investors that Natura will be a good way to start a new market.

B3 (B3SA3)

Total revenues were R1275 million, up 8.7% compared to the same period last year, and sales increased in all business segments.

"The presidential election has had a positive impact on the market outlook, but we are back on fundamentals and major investment papers," the Brazilian president said. Analysts said that as Cetip merged with Cetip's merger and merger, the results of the third quarter showed that Ebitda doubled its revenues and emphasized the operating leverage of the company. As a result, the company improved efficiency through cost rationalization based on a typical roadmap for global mergers. Term. "

Analysts point out that "the new elected government will have a strong privatization pipeline and that structurally low interest rates can create an environment favorable to B3 products."

Qualicorp (QUAL3)

Qualicorp posted a net profit of Rs 109.7 million (R & D) in the third quarter, down 1.1% from the same period last year. The adjusted Ebitda reached RMB 24.19 billion (R $) between July and September, down 8.2% from the year-on-year comparison. The margin for this period was 49.3%, which was larger than the previous year's 50.6%.

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According to the company, the Ebitda retreat reflects reduced operating revenues with policy changes to the underlying situation. Net sales declined 5.7 percent to 491.1 million R from July to September.

Revenue loss reflects a decline in life insurance products. The number of beneficiaries was 2,558 million compared to 4,644 million in the previous year.

Aliansce (ALSC3)

The company posted net income of RMB1.228 billion, up 11.2% from the third quarter of 2017. Adjusted EBITDA was $ 9.63 billion, up 10.3% from the previous year. Net sales increased 3.2% to R $ 13.36 billion (R $) in the third quarter.

The total sales volume of Aliansce was Rs. 1.4 billion (R $) in the third quarter, up 4.5% from the same period last year.

Aliansce reported good results, pointing to Multiplan and Iguatemi as well as Credit Suisse. In the third quarter, Aliasce showed revenue growth, increased rents, reduced delinquency rates, lowered cost of ownership, increased market share, and Aliansce's survey shows that revenue growth is near and potentially profitable. " Analysts say.

CPFL Renováveis ​​(CPRE3)

CPFL Energias Renováveis ​​recorded a net profit of $ 121 million in the third quarter of 2018, a record figure for the company, which is higher than the 27.6% Renewable energy companies' net revenues were R $ 612.7 million, up 6.3% from the same month in 2017. The increase in quarterly sales was affected by the increase in electricity generation, and the total electricity generation amounted to 2,130 GWh, up 2.9% from the same month last year.

Tegma (TGMA3)

The logistics company posted a net profit of $ 31.1 million in the third quarter, up 103.5% from a year ago. The result was negatively impacted by voluntary grievances related to revenue growth, cost and cost controls, lower debt costs and the normalization of ICMS for RMS $ 7.2 million of chemical operations. Adjusted EBITDA rose 41% to RMB 57.8 million (RMB).

Rumo (RAIL3)

Rumo posted a net profit of R $ 229 million in the third quarter, 194.2% higher than the one recorded a year ago. EBITDA was R $ 953 million, a 19% increase from the third quarter of 2017 and net sales of RMB 1.888 billion, up 13.8% over the previous year.

Rumo reported results consistent with Credit Suisse's estimates and has been corrected. analsitas enhanced outperform recommendation and bright outlook in 2019. According to analysts, the truck driver's strike in May saw positive results seen by Rumo as the best option to keep freight costs under control.

Tent (TEND3)

Tenda, a construction company and developer focused on Minha Casa Minha Vida (MCMV), posted RMB 64.4 million in Q3 2018, up 109.8% over the same period in 2017. Adjusted Ebitda, comparable basis, increased by 70.1% to 82.7 million R recorded. Ebitda margin increased from 4.5 pp to 17.9%.

Net sales totaled $ 461.5 million, up 27.7 percent. Tenda's revenue growth reflects the recent quarter's launch and sales growth, resulting in revenue growth and cost dilution.

According to Itaú BBA, despite a non-recurring impact on gross profit, Tenda achieved an annual ROE of 21.5%. Cash flow was strong as expected and Tenda announced another stock repurchase.

Cyrela (CYRE3)

The developer closed this quarter with a loss of R $ 121 million, about 17 times more than the loss recorded in the same period of R $ 7 million in 2017.

Reflecting recent increases in sales and sales volume, net revenues amounted to RMB 725 million (a 21.2% increase in total). The company does not disclose Ebitda.

According to Itaú BBA, Cyrela reported another quarter of strong cash flow generation, but the additional costs of Northeast Asia projects and the loss of provisioning for land bank damages fell sharply.

Iochpe-Maxion (MYPK3)

Iochpe-Maxion posted a net profit of $ 399.5 million in the third quarter, but a net loss of $ 28.7 million a year ago. Consolidated net operating revenues were $ 267.3 million, up 35.4% from the third quarter of 2017. Ebitda increased 41.7% to $ 431 million.

According to Credit Suisse, Iochp announced strong results that strengthen the optimistic demand for companies trading in attractive valuations from an analyst's perspective. "We have seen robust profits, especially in Brazil, NAFTA and aluminum and commercial vehicle lines in Asia and elsewhere, thanks to positive depreciation due to positive depreciation.

Directionality (DIRR3)

Direcional recorded a net profit of R $ 11,582 million (R $) against R $ 29.393 billion in the third quarter of 2017, with net revenues of R $ 309,919 million, an increase of 54% over the previous year. Adjusted EBITDA was R $ 36,453 million, compared with negative results of R $ 4,370 million in the previous year.

According to Itaú BBA, the Direcional figures were a positive outcome of better than expected due to the solid margins of the My Home My Life project, but cash flow generation has created a satisfying rhythm for the company.

Kozan Logistics (RLOG3)

Cosan Logística posted a net profit of R $ 63.8 million in the third quarter of this year, more than triple the same period last year. The improvement was a reduction of 33.7% in financial losses to RM257.7 million.

Company sales rose 13.8 percent to 1.88 billion euros. Ebitda again recorded R $ 95.2 billion (up 19%).


Eneva adjusted Ebitda to R $ 520 million, a 15.7% year-on-year increase. The adjusted Ebitda margin was 45%.

The company closed its quarter with R $ 1.1 billion in cash and 2.7 times net debt / EBITDA ratio. Adjusted net income for this period was R $ 179.9 million compared to R $ 53 million in the same quarter of 2017.

Itaú BBA showed positive results from Eneva and strong operational performance.

Notre Dame Intermédica (GNDI3)

The company adjusted its net profit to RMB 127.2 million R, an increase of 73.4% over the same period last year. The company's adjusted Bidda was $ 212.7 million, a 13.7 percent margin. Net debt totaled R $ 6.3 million, down 91.9% from the year-on-year comparison.

According to Credit Suisse, Intermédica's EBITDA and net income were 13% and 15% higher than bank estimates, respectively.


Energisa posted a net profit of $ 527.4 million between July and September this year, up 93.4% over the same period in 2017. Net revenues excluding construction revenues are R $ 3, 75 billion – up to 12%.

Ebitda grew 49.4 percent to $ 695.8 million during this period, while captive market energy sales increased 0.8 percent to 6,068 gigawatts.

Energisa's figures were a bit positive, and Itaú BBA pointed to robust operating data due to cost control and best selling mix.

According to BTG Pactual, Energisa's balance sheet was strong with significant increases in volumes in the northern and northeastern regions. The company announced capital increase of $ 599 million (approximately 4% of market value) to reduce leverage by 3.6 times.

Kepler Weber (KEPL3)

The farming industry reached R $ 166.1 million in the third quarter of this year, up 2.7 percent from the same period last year. Gross profit increased by 37% to $ 25.9 million.

Kepler Weber's Ebitda recorded R $ 13.2 million in the quarter compared to R $ 50 million for the same period in 2017. The beat margin was 8%. The company's net profit was R $ 410 million, compared with a net loss of R $ 3.8 million.

JHSF Participações (JHSF3)

Developer JHSF recorded net profit of RMB 166 million in the third quarter and net profit of RMB 1.7 million in the same period of 2017.

The company's sales grew 71.2 percent to $ 136.2 million, while operating costs increased 29.4 percent to 33.3 million. Net financial results were negative, down 20.6% to R $ 28.6 million.

Qualicorp (QUAL3)

Qualicorp's group health care manager recorded a net profit attributable to equity holders of $ 109.7 million (earnings per share) in the third quarter, an increase of 2.57% over the same period in 2017.

The company's net operating revenues declined 5.7% to $ 391.1 million, and its revenue base continued to decline to 2.6 million. Ebitda, adjusted for this period, fell 8.2% year-on-year to 242 million R (49.3%).

Credit Suisse saw net sales of Credit Suisse higher than expected, but Ebitda fell 3%. The termination (cancellation fee) continues to be difficult and affects the number of clients that have deteriorated sequentially (a decrease of 137,000 from 94,000 in the second quarter of 2018). Analysts say analysts believe the revenue trend will remain weak and the company will have to respond with management's response to continued earnings improvement.

Coppel (CPLE6)

Companhia Paranaense de Energia recorded an EBITDA of RMB775.5 million in the third quarter of this year, an increase of 23.1% over the same period in 2017. According to the company, Sells energy and grows in the wire market.

According to Itaú BBA, Copel showed some positive figures showing good operating figures in the distribution sector, but the performance in the power generation and transmission sectors matched analysts' estimates.

Restoque (LLIS3)

Le Lis Blanc reversed a loss of R $ 6.39 million in the third quarter of 2017 and net income of R $ 7.84 million for the same period of this year. Net operating revenues decreased 0.6% to R $ 314,247 million from R $ 316,051 million. The EBITDA margin increased by 2.4 percentage points from 19.9% ​​to 22.3%, while the connection increased by 11.8% to $ 70.138 million from $ 62.89 million.

BTG Pactual pointed out that after the company's conversion last year, the company is now profitable for the third consecutive quarter of this strategy, after the company created shares in the last collection and merged Dudalina. Retail sales, led by Le Lis Blanc and John John, grew 14.4%, while same-store sales grew 5.8% on a year-over-year basis. Analysts said the main highlight of the results is a 6.80% year-on-year increase in gross margins. BTG notes that low liquidity remains an issue for the company, but it is attractive to have multiple multiples of 10 times the expected multiple in 2019.

(With the state agency)

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