SAO PAULO, May 15, 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 in the number of customers, announces today its results for
the 1Q14.
In 1Q14, net operating revenue reached R$
2.8 billion; a 5.6% increase compared to 1Q13.
Costs and expenses, including construction costs, increased
6.1%, from R$ 1.9 billion in 1Q13 to
R$ 2.0 billion this quarter.
EBIT grew 4.0%, from R$ 726.3
million in 1Q13 to R$ 755.6
million in 1Q14.
Adjusted EBITDA increased 10.2%, from R$
921.5 million in 1Q13 to R$ 1,015.8
million in 1Q14.
The adjusted EBITDA margin moved from 34.8% in 1Q13 to 36.4% in
1Q14. Excluding construction revenues and construction costs, the
adjusted EBITDA margin was 44.5% in 1Q14 (42.4% in 1Q13).
Net income dropped 3.7%, from R$ 496.2
million in 1Q13 to R$ 477.6
million 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)
SOURCE SABESP