Q2 2024 Allos SA Earnings Call (English, Portuguese) Transcript
Key Points
- ALLOS SA (BSP:ALOS3) reported a net revenue of BRL622 million, a growth of 3.8% compared to the previous year.
- The company achieved an 8% growth in sales per square meter, surpassing BRL1,800 per square meter.
- The FFO per action showed a significant growth of 41%, driven by effective management of liabilities.
- The company maintained a strong cash position with BRL3.7 billion and a comfortable leverage ratio of 1.5 times net indebtedness over EBITDA.
- ALLOS SA (BSP:ALOS3) successfully executed a share repurchase program, reducing the capital base and enhancing shareholder value.
- The company faced challenges with the IGP-M tax and concentrated expenses impacting EBITDA growth, which was only 2% compared to the same quarter last year.
- There is a noted decrease in liquidity for asset sales compared to previous years, potentially affecting the disinvestment program.
- The cost of occupancy remains a concern, although it has slightly improved, it still poses a challenge for future growth.
- The company’s media business, while growing, still represents a small percentage of the overall revenue, indicating limited immediate impact.
- The integration process post-merger is ongoing and expected to take several more years to fully realize the synergies and benefits.
(interpreted) Thank you for waiting and welcome to the earnings call of Allos for the discussion of the results regarding the second quarter of 2024. We have here with us today, Mr. Rafael Sales, President; Leandro Lopes, VP of Business; Vicente Avellar, our Director of Operations; and Ms. Daniella Guanabara, Director of Investor Relations.
And this event is being recorded. And all participants will only hear the earnings call during the presentation. And thereafter, we're going to start the Q&A session only for analysts and investors. When further instructions will be provided. This event will be transmitted simultaneously via webcast.
And you can access it at the ri.allos.com address why you have this presentation available for replay of this event will be available after the closing for a period of one week, we would like to inform that questions can only be asked through the Zoom app. Should you become active via the webcast? Your question has to be submitted directly to the IR team to [email protected].
Before continuing, we would like to clarify
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