Mills Locacao Servicos e Logistica SA (BSP:MILS3)
R$ 10.99 -0.15 (-1.35%) Market Cap: 2.62 Bil Enterprise Value: 3.81 Bil PE Ratio: 9.01 PB Ratio: 1.67 GF Score: 84/100
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Q1 2025 Mills Locacao Servicos e Logistica SA Earnings Call (English, Portuguese) Transcript

May 8, 2025 / 06:00 PM GMT
Release Date Price: R$10.49 (+4.59%)

Key Points

Positve
  • Mills Locacao Servicos e Logistica SA (BSP:MILS3) reported a 17% increase in net revenue for Q1 2025 compared to the same period in 2024.
  • The company achieved a 21% year-over-year increase in adjusted EBITDA, reaching 207 million with a 50% margin.
  • Net income was reported at 68 million with a net margin of 17%, and cash net income totaled 94 million with a cash net margin of 23%.
  • Mills maintained a healthy leverage level with net debt to adjusted EBITDA at 1.4 times, providing financial flexibility.
  • The company won the sustainability award at the 2025 YA Awards, highlighting its commitment to ESG practices.
Negative
  • There was a 12% increase in costs compared to Q1 2024, primarily due to higher rental operation costs.
  • Expenses increased by 9% due to the inclusion of JM in the portfolio.
  • The company faced seasonality challenges in the heavy business unit due to rains and agricultural off-seasons, impacting productivity.
  • There is ongoing pressure from competitors, particularly regarding rental prices and the presence of Chinese equipment in the market.
  • Interest rates are still increasing, presenting a challenging macroeconomic scenario for contract closures.


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

MILS3.SA - Mills Locacao Servicos E Logistica SA
Q1 2025 Mills Locacao Servicos e Logistica SA Earnings Call (English, Portuguese)
May 08, 2025 / 06:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, ladies and gentlemen. Good afternoon and welcome to Mills 125 earnings conference call.

Joining us today are Sergio Carri, CEO and Renatovaz, CFO, and investor relations officer.

Please note that this presentation is being recorded and simultaneously translated into English. To access the interpretation feature, please click on interpretation. For those listening in English, you may choose to mute the original Portuguese audio.

During the company's presentation, all participants will be in listen-only mode. We'll then begin the Q&A session.

To submit a question, please click on the Q&A icon and type your name and company.
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