SABESP Announces 3Q20 Results

Rhea-AI Summary

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE: SBS) reported its 3Q20 results showing a significant decline in financial performance. The company posted a net income of R$421.6 million, down R$787.3 million from R$1,208.9 million in 3Q19. Adjusted EBITDA also fell, totaling R$1,513.6 million, a decrease of R$1,495.7 million from R$3,009.3 million reported in the same quarter last year.

Positive

• None.

Negative

• Net income decreased by R$787.3 million YoY.
• Adjusted EBITDA fell by R$1,495.7 million YoY.

SÃO PAULO, Nov. 12, 2020 /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 third quarter 2020 results.

The Company recorded net income of R$421.6 million in 3Q20, compared to net income of R$1,208.9 million in 3Q19, a decrease of R$787.3 million.

Adjusted EBITDA totaled R$1,513.6 million, a decrease of R$1,495.7 million over the R$3,009.3 million reported in 3Q19.

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)

 

View original content:http://www.prnewswire.com/news-releases/sabesp-announces-3q20-results-301172481.html

SOURCE Sabesp

FAQ

What were SABESP's net income results for 3Q20?

SABESP reported a net income of R$421.6 million for 3Q20, a decrease from R$1,208.9 million in 3Q19.

How did SABESP's adjusted EBITDA perform in 3Q20?

SABESP's adjusted EBITDA for 3Q20 was R$1,513.6 million, down from R$3,009.3 million in 3Q19.

What is the stock symbol for SABESP?

The stock symbol for SABESP is SBS.

When did SABESP announce its 3Q20 financial results?

SABESP announced its 3Q20 financial results on November 12, 2020.