Helbor Empreendimentos SA (BSP:HBOR3)
R$ 2.11 -0.020 (-0.94%) Market Cap: 279.98 Mil Enterprise Value: 3.33 Bil PE Ratio: 49.06 PB Ratio: 0.20 GF Score: 71/100

Q3 2024 Helbor Empreendimentos SA Earnings Call Transcript

Nov 13, 2024 / 06:00 PM GMT
Release Date Price: R$1.81 (-1.63%)

Key Points

Positve
  • Helbor Empreendimentos SA (BSP:HBOR3) achieved consolidated sales of 494 million in Q3 2024, with a total of 1.5 billion PSV sold year-to-date.
  • The company reported a net revenue of 965 million for the last nine months, with a gross margin of 32.3%.
  • Helbor successfully reduced its leverage ratio, with the net debt to equity ratio decreasing to 68.8%.
  • The company has a strong land bank, with 77% located in Sao Paulo, which is considered a prime location.
  • Helbor's strategic focus on selling inventory has resulted in a 32% increase in sales compared to the same period last year.
Negative
  • No new developments were launched in Q3 2024, which may impact future revenue growth.
  • The company experienced a cash burn of 21 million reals, partly due to payments for previously acquired land lots.
  • There is a concern about the rising cost of construction and a lack of labor, which could impact future project margins.
  • Helbor's net income was relatively low at 25 million year-to-date, representing only 0.19 in earnings per share.
  • The company faces challenges with cancellations during project deliveries, although they are managing to resell these units.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HBOR3.SA - Helbor Empreendimentos SA
Q3 2024 Helbor Empreendimentos SA Earnings Call
Nov 13, 2024 / 06:00PM GMT

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Presentation
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Good afternoon, ladies and gentlemen. And thank you for waiting. Welcome to Elbert's conference call for the discussion of the results of the second quarter of 2024. We inform all participants that this webcast is being recorded and translated simultaneously. Please note that for those who need simultaneous translation, we have this feature available via the globe icon labeled interpretation located at the bottom center of our screen. By selecting it. You can choose your preferred language, Portuguese or English for those listening to the conference in English, you can mute the original Portuguese audio by clicking on mute, original audio. We also informed that the participants will see and hear the webcast during the
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