ASSAÍ: REVENUE REACHES R$ 20 BILLION IN THE QUARTER, LEVERAGE CONTINUES TO DECLINE
Sendas Distribuidora S.A. ADS (ASAI)
Company Research
Source: PR Newswire
SÃO PAULO, Nov. 8, 2024 /PRNewswire/ -- Assaí Atacadista (ASAI) reported solid results for the third quarter of 2024, with revenue reaching R$ 20.2 billion, a 9.3% year-over-year growth, reflecting the maturation of its expansion strategy and continued strengthening of its customer base.Focusing on profitability and financial sustainability, pre-IFRS16 EBITDA grew by 12.1%, reaching R$ 1 billion, with a 5.5% margin, exceeding sales growth. Leverage decreased to 3.52x (-0.13x vs. 2Q24), reinforcing the company's commitment to sustainable financial growth, aligned with its goal of achieving levels below 3.2x by year-end."In the third quarter, we achieved significant progress," highlighted Belmiro Gomes, Assaí's CEO. "Continuing our improvement of the debt profile, we successfully issued debentures in October, totaling R$ 2.8 billion, at a cost lower than the company's average debt cost. We started the process of reducing net debt and continued lowering leverage, aiming to reach a level
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News
- Sendas Distribuidora S.A. (ASAI): This Small-Cap Stock Is Ready To Explode [Yahoo! Finance]Yahoo! Finance
- Sendas Distribuidora SA (ASAI) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and ... [Yahoo! Finance]Yahoo! Finance
- ASSAÍ: REVENUE REACHES R$ 20 BILLION IN THE QUARTER, LEVERAGE CONTINUES TO DECLINEPR Newswire
- Sendas Distribuidora S.A. (NYSE: ASAI) was upgraded by analysts at Hsbc Global Res to a "strong-buy" rating.MarketBeat
- Sendas Distribuidora S.A. (NYSE: ASAI) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating.MarketBeat
ASAI
Sec Filings
- 11/22/24 - Form 6-K
- 11/14/24 - Form SC
- 11/14/24 - Form 6-K
- ASAI's page on the SEC website