SABESP Announces Its 2010 Results

Mar 29, 2011, 21:06 ET from SABESP

SAO PAULO, March 29, 2011 /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 fourth quarter 2010 (4Q10) and full year 2010.

In 2010, net operating revenue reached R$ 9.2 billion, a 7.6% growth compared to 2009. Costs and expenses in the amount of R$ 6.6 billion grew 2.2% versus 2009. EBITDA was R$ 2.7 billion in 2009 and R$ 3.2 billion in 2010, an increase of 18.2%. EBITDA margin in 2010 was 34.9% and 31.8% in 2009.

EBIT grew 23.3%, from R$ 2.2 billion in 2009 to R$ 2.7 billion in 2010.

Disconsidering the application of the new CPCs and IFRS and in accordance with the accounting practices in effect in 2009, net income in 2010 would have been R$ 1,468.6 million, 6.9% up on 2009, which would have totaled R$ 1,373.9 million. EBITDA would have come to R$ 3,115.2 million R$2,741.7 million in 2010 and 2009, respectively. The EBITDA margin would have stood at 42.9% in 2010 and 40.7% in 2009.

The complete version of the release is available at the Company's website: www.sabesp.com.br

Conference call – March 30, 2011

in Portuguese

01:00 pm (US EST)

Dial-in access: 55 (11) 3127-4971

Conference ID: Sabesp

in English

03:00 pm (US EST)

Dial-in access: 1(412) 317-6776

Conference ID: Sabesp

Live webcast at: www.sabesp.com.br

IR Contacts:

Mario Arruda Sampaio: (55 11) 3388-8664 (maasampaio@sabesp.com.br) Angela Beatriz Airoldi: (55 11) 3388-8793 (abairoldi@sabesp.com.br)

SOURCE SABESP



RELATED LINKS

http://www.sabesp.com.br