SAO PAULO, March 26, 2015 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based on the number of customers, announces today its 2014 results. In 2014, net operating revenue, including construction revenue, reached R$ 11.2 billion; a 0.9% decrease compared to 2013.
Costs and expenses, including construction costs, totaled R$ 9.3 billion, up 13.6% compared to R$ 8.2 billion in 2013.
Adjusted EBIT, in the amount of R$ 1.9 billion, dropped 39.0% from R$ 3.1 billion recorded in 2013.
Adjusted EBITDA, in the amount of R$ 2.9 billion, dropped 27.2% from R$ 4.0 billion recorded in 2013.
The adjusted EBITDA margin was 26.0% in 2014, versus 35.4% in 2013. Excluding construction revenues and construction costs, the adjusted EBITDA margin was 34.4% in 2014 (44.6% in 2013).
Net income totaled R$ 903.0 million, 53.1% lower than R$ 1.9 billion recorded in 2013.
The complete version of the release is available at the Company's website: www.sabesp.com.br
IR Contacts:
Mario Arruda Sampaio: (55 11) 3388-8664 ([email protected])
Angela Beatriz Airoldi: (55 11) 3388-8793 ([email protected])
SOURCE SABESP
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