Company's leverage fell in the period; CEO says business will maintain consistent growth trajectory, with less need for new capital
Vamos (VAMO3), the truck, machinery and equipment rental company controlled by Simpar (SIMH3), reported a consolidated net profit of R$ 175.1 million in the third quarter of 2024. The figure is 51.2% higher than that recorded a year earlier.
Earnings before interest, taxes, depreciation and amortization (Ebitda) for the period amounted to R$ 868.2 million, an increase of 27.2% compared to the third quarter of 2023.
Between July and September this year, the company's consolidated net revenue hit R$ 1.975 billion. The figure is 33.3% higher than that recorded in the same period in 2023.
The company's leverage, measured by the net debt to EBITDA ratio, fell to 3.21 times.
"The trend is to continue the deleveraging trajectory in 2025," said Gustavo Couto, CEO of Vamos, in an interview with InfoMoney.
According to the executive, the company's EBITDA generation allows it to maintain a consistent pace of growth, with less need for new capital, at a time when the high interest rate cycle is resuming in Brazil.
Read the full story at: Vamos improves at concessionaires and Q3 profit rises 51%, to R$ 175 million