SAO PAULO, May 14, 2015 /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 1Q15
results.
In 1Q15, net operating revenue, including construction revenue,
reached R$ 2.5 billion; an 11.6%
decrease compared to 1Q14.
Costs and expenses, including construction costs, totaled
R$ 1.4 billion, down by 32.9%
compared to R$ 2.0 billion recorded
in 1Q14. Excluding the R$ 696.3
million reimbursement from the Sao
Paulo state government, costs and expenses increased
R$ 25.8 million or 1.3%.
Adjusted EBIT, in the amount of R$ 1.1
billion, grew 46.1% from R$ 755.6
million recorded in the same quarter of the previous
year.
Adjusted EBITDA, in the amount of R$ 1.4
billion, increased 33.6% from R$ 1.0
billion recorded in 1Q14.
The adjusted EBITDA margin was 55.0% in 1Q15, versus 36.4% in
1Q14. Excluding construction revenues and construction costs, the
adjusted EBITDA margin was 71.6% in 1Q15 (44.5% in 1Q14).
Net income totaled R$ 318.2
million, 33.4% lower than R$ 477.6
million recorded in 1Q14.
The complete version of the release is available at the
Company's website: 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)
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/sabesp-announces-1q15-results-300083977.html
SOURCE SABESP