SÃO PAULO, May 9, 2019 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo - SABESP (B3: SBSP3;NYSE: SBS), one of the largest water and sewage services providers in the world based on the number of costumers, announces today its First quarter 2019 results.
In 1Q19, net operating revenue, which considers construction revenue, totaled R$3,878.5 million, up 4.8% year-over-year.
Costs and expenses, which consider construction costs, totaled R$2,746.4 million, up 4.4% year-over-year.
Adjusted EBIT, totaling R$1,133.9 million, up 5.9% over the R$1,071.0 million reported in 1Q18.
Adjusted EBITDA, totaling R$1,544.7 million, up 10.4% over the R$1,399.0 million reported in 1Q18 (R$6,686.3 million in the last 12 months).
The adjusted EBITDA margin in 1Q19 was of 39.8%, over 37.8% in 1Q18 (41.1% in the last 12 months).
Excluding the effects of revenue and construction costs, adjusted EBITDA margin reached 46.8% in 1Q19, over 45.4% in 1Q18 (49.1% in the last 12 months).
In 1Q19, net income reached R$647.3 million, over a net income of R$580.4 million in 1Q18.
The complete version of the release is available at the Company's website: www.sabesp.com.br