SABESP Announces 2013 Results
SAO PAULO, March 28, 2014 /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 on the number of customers, announces today its results for the fiscal year 2013.
In 2013, net operating revenue reached R$ 11.3 billion, a 5.4% growth compared to 2012.
Costs and expenses, including construction costs, increased 4.0%, from R$ 7.9 billion in 2012 to R$ 8.2 billion in 2013.
EBIT grew 9.4%, from R$ 2.9 billion in 2012 to R$ 3.1 billion in 2013.
Adjusted EBITDA increased 11.1%, from R$ 3.6 billion in 2012 to R$ 4.0 billion in 2013.
The adjusted EBITDA margin moved from 33.6% in 2012 to 35.4% in 2013. Excluding construction revenues and construction costs, the adjusted EBITDA margin was 44.6% in 2013 (43.0% in 2012).
Net income grew 0.6%, from R$ 1.91 billion in 2012 to R$ 1.92 billion in 2013.
The complete version of the release is available at the Company's website: www.sabesp.com.br