Simpar - the holding company that controls JSL, Movida and Vamos - said today that it expects to earn R$ 35 billion by 2024, more than double last year's R$ 15.4 billion.
The stock rises 7% by mid-afternoon.
The company controlled by the Simões family provided consolidated gross revenue guidance at Simpar Day - the annual event with investors.
The company said that the projection incorporates Simpar's average growth - of 20% per year over the last 12 years - as well as taking into account the market potential of its subsidiaries and growth by M&As.
Vamos - the company's subsidiary that leases trucks, machinery and equipment - said that its fleet will grow sixfold by 2025.
Movida and JSL - which focuses on road logistics - reaffirmed the guidances for 2025 presented at last year's Simpar Day.
Movida projects a fleet two to three times larger, which would represent between 260,000 and 340,000 cars and a profit of between R$ 1.3 billion and R$ 1.6 billion. JSL expects to grow its gross revenue up to three times, to around R$ 10.8 billion.
In addition to the three companies listed on the stock exchange, Simpar also controls four other companies: CS Brasil, which provides transportation and urban cleaning services for public bodies; CS Infra; Banco BBC Digital; and Automob, the new name of Original Concessionárias, which has been growing with an aggressive M&A strategy.
"We have at least one or two assets with IPO potential by 2025," Simpar's CFO, Denys Marc Ferrez, said at the event.
The CFO commented on Simpar's holding discount in relation to the implicit value of its businesses, currently around 36%.
"When you look at the performance of a share on the stock exchange, you measure it based on the IPO, but when we look at the performance of the companies created by Simpar on the stock exchange, we look at the equity value that the group has placed. We look at the investment in the assets and development of these companies, Movida had 541% of value creation at today's prices; Vamos had 1,752% and JSL had 254%."
Simpar is worth R$ 10 billion on the stock exchange.
JSL also announced today the purchase of Truckpad - a startup that connects truckers and carriers through an app - to accelerate its digital development.
Learn More: https://braziljournal.com/simpar-quer-faturar-r-35-bi-em-2024/