SABESP ANNOUNCES 2021 RESULTS

Rhea-AI Summary

Sabesp (NYSE: SBS) reported 2021 financial results, showcasing strong performance compared to 2020. The company's net operating revenue reached R$ 19,491.0 million, reflecting a 9.5% increase. Additionally, the net income surged to R$ 2,305.9 million, up by 136.9% from R$ 973.3 million in 2020. Adjusted EBITDA stood at R$ 6,372.7 million.

Positive

• Net operating revenue increased by 9.5% to R$ 19,491.0 million.
• Net income surged by 136.9%, reaching R$ 2,305.9 million.
• Adjusted EBITDA was R$ 6,372.7 million.

Negative

• None.

SÃO PAULO, March 25, 2022 /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 customers, announces today its fourth quarter and 2020 results.

In 2021, the net operating revenue, which considers construction revenue, totaled R$ 19,491.0 million, up by 9.5% over 2020. Adjusted EBITDA totaled R$ 6,372.7 million.

The Company recorded a net income of R$ 2,305.9 million, compared to the R$ 973.3 million reported in 2020, an increase of R$ 1,332.6 million (+136.9%).

The complete version of the release is available at the Company's website: ri.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)
Juliana P. S. Jardim: (55 11) 3388-9267 (jpsjardim@sabesp.com.br)

 

View original content:https://www.prnewswire.com/news-releases/sabesp-announces-2021-results-301510747.html

SOURCE Sabesp

FAQ

What were Sabesp's fourth quarter results for 2021?

Sabesp's fourth quarter results for 2021 showed a net operating revenue of R$ 19,491.0 million, an increase of 9.5% from 2020.

How much did Sabesp's net income increase in 2021?

Sabesp's net income increased by 136.9%, amounting to R$ 2,305.9 million in 2021.

What was the adjusted EBITDA for Sabesp in 2021?

The adjusted EBITDA for Sabesp in 2021 was R$ 6,372.7 million.