SABESP Announces 1Q13 Results
SAO PAULO, May 9, 2013 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based in the number of customers, announces today its results for the first quarter 2013 (1Q13).
In 1Q13, net operating revenue reached R$ 2.6 billion, a 2.6% growth compared to 1Q12.
Costs and expenses, including construction costs, in the amount of R$ 1.9 billion grew 2.4% over 1Q12.
EBIT grew 3.5%, from R$ 701.7 million in 1Q12 to R$ 726.3 million in 1Q13.
Adjusted EBITDA increased 3.7%, from R$ 888.2 million in 1Q12 to R$ 921.5 million in 1Q13.
The adjusted EBITDA margin was 34.8% in 1Q13 in comparison to 34.5% in 1Q12. Excluding construction revenues and construction costs, the adjusted EBITDA margin was 42.4% in 1Q13 (43.3% in 1Q12).
Net income reached R$ 496.2 million in 1Q13, 0.9% higher than in 1Q12.
The complete version of the release is available at the Company's website: www.sabesp.com.br
Conference call and Apimec Meeting – May 13, 2013
10:00 am (US EST)
Dial-in access: 1(412) 317-6776
Conference ID: Sabesp
Apimec Meeting – Sao Paulo
1:00 pm (US EST)
Live webcast at: www.sabesp.com.br