Results from Aliansce, Locaweb, Eneva, Eletromidia, Panvel, Tecnisa and Eucatex
3 min readSent at 9:20 pm
Aliansce Sonae, Locaweb, Eletromidia, Grupo Panvel, Tecnisa, Eneva and Eucatex released results for the fourth quarter of 2022 (4Q22) after market close on Thursday, the 23rd.
Aliansce Sonae: net loss of R$16.9 million
Aliansce Sonae (ALSO3) reported a net loss of R$ 16.9 million in the fourth quarter of 2021. In the fourth quarter of 2011, the company recorded a net income of R$ 115.7 million.
Adjusted Ebitda was R$205.9 million, down 9.3% year-on-year.
Total net revenues amounted to R$ 292.6 million, a growth of 5.4% compared to the same period of the previous year.
Aliansce also disclosed that it determined that the synergies obtained from the business merger with Sonae, as of December 31, 2022, were R$56 million per annum, including revenue and expense synergies.
The company also reported that it has revised forecasts of synergies derived from the business merger between Aliansce Sonae and brMalls and estimates R$180 to R$210 million per annum to be captured by the end of 2028, taking into account only this amount of synergies in revenue and operating expenses.
The previous forecast, released on January 6, 2023, consisted of R$210 million captured by the end of 2028, with R$160 million in revenue and expenses and R$50 million in financial result synergies.
“The guidance revision is the result of a detailed study of business combination opportunities and reflects the company’s expectations regarding future results,” he explained.
Lookup reverses the loss
Locaweb (LWSA3) reported net income of R$18.9 million in the fourth quarter of 2020, reversing a loss of R$7.2 million in the fourth quarter of ’21.
Ebitda was valued at R$45.2 million in the period, up 134.9% from what was reported for the same period in 2021.
Total net operating income was R$302.9 million, up 23.2% year-on-year.
Eneva reports a net loss
Eneva (ENEV3) reported a net loss of R$193.9m in the fourth quarter of 2020. This brings back a profit of R$489.4m in the fourth quarter of 21.
According to the company, the result is mainly due to one-off effects from asset purchases and the absence of thermoelectric transmission in Brazil.
Ebitda reached R$ 563 million in Q4 2021. In Q4, a decrease of 33.2% compared to Q4 2011.
Total net revenue was R$ 2.3 billion, an increase of 37.9% compared to Q4 2021.
Electromedia: Profits jump in Q4 2020
Eletromidia (ELMD3) generated a net profit of R$65.4 million in the fourth quarter of 2022. This amount corresponds to an increase of 314.3% compared to the fourth quarter of 2021.
Adjusted Ebitda amounted to R$123.8 million, a growth of 99.6% over the same period of the previous year.
Net revenue was R$ 274.5 million, an increase of 57.6% compared to Q4 2011.
Panvel Group reported a profit of R$23.8 million in the fourth quarter of 2020
The Panvel Group (PNVL3), owner of the Panvel pharmacy chain and distributor of Dimed, reported net income of R$23.9 million in Q4 2020, 8.2% less than the income reported in Q4 2011.
Ebitda totaled R$ 58.6 million, up 19.4%.
Tecnisa (TCSA3) reversed the loss and turned a profit in Q4 2022
Tecnisa (TCSA3) generated a net income of R$16 million in the fourth quarter of 2021. In this way, it reverses a net loss of R$59 million in the fourth quarter of 2021.
Ebitda was R$26 million in Q4 ’22. In Q4 ’21, Ebitda was negative R$43 million.
Eucatex: R$82 million profit
Eucatex (EUCA4) reported net income of R$82 million in Q4 2020, down 36.1% compared to Q4 2011.
Ebitda’s adjusted recurring rate was R$117.7 million, 19.9% lower than reported in Q4 ’21.
Net revenue totaled R$639.1 million for the period, down 9.9% year-on-year.
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