SABESP Announces 3Q21 Results

SÃO PAULO, Nov. 11, 2021

The net operating revenue, which considers construction revenue, totaled R$ 5,153.9 million in 3Q21, up by 16.1% over 3Q20.

Costs and expenses, which consider construction costs, totaled R$ 3,933.5 million, up by 13.8% over 3Q20.

Adjusted EBIT, of R$ 1,224.4 million, rose by 24.3% over the R$ 985.4 million recorded in 3Q20.

Adjusted EBITDA, of R$ 1,789.3 million, increased by 18.2% over the R$ 1,513.6 million recorded in 3Q20 (R$ 6,721.9 million in the last 12 months).

Adjusted EBITDA margin was 34.7% in 3Q21, compared to 34.1% in 3Q20 (34.8% in the last 12 months).

Excluding the effects of revenue and construction costs, the adjusted EBITDA margin was 44.4% in 3Q21, compared to 44.0% in 3Q20 (44.3% in the last 12 months).