05/09/2024 – 18:48
EcoRodovias reported net profit of R$237.6 million in the first quarter of 2024, an increase of 110.2% compared to the same period in 2023. The company attributes the result, mainly, to the increase in adjusted Ebitda.
The company’s adjusted Ebitda rose 35.3% year-on-year, to R$1.088 billion. The adjusted Ebitda margin was 71.5%, 0.3 percentage points higher than a year before.
Comparable Ebitda, disregarding the start of toll collection by EcoRioMinas and EcoNoroeste, increased by 8.6% in the first quarter of 2024, due to the growth in vehicle traffic and readjustments in toll rates, according to the results release.
Adjusted net revenue was R$1.512 billion between January and March 2023. As a result, it rose 34.7% when compared to a year earlier.
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