Company's leverage fell in the period; CEO says business will maintain consistent growth trajectory, with less need for new capital<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
The company's leverage, measured by the net debt to EBITDA ratio, fell to 3.21 times.<\/p>\n\n\n\n
\"The trend is to continue the deleveraging trajectory in 2025,\" said Gustavo Couto, CEO of Vamos, in an interview with InfoMoney<\/strong>. <\/p>\n\n\n\n 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.<\/p>\n\n\n\n