Posted on November 14, 2022
Key Financial Results
- Revenue: R$521.9m (up 32% from 3Q 2021).
- Net income: R$109.8m (up 65% from 3Q 2021).
- Profit margin: 21% (up from 17% in 3Q 2021). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Santos Brasil Participações Earnings Insights
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Infrastructure industry in South America.
The company’s shares are down 17% from a week ago.
We don’t want to rain on the parade too much, but we did also find 1 warning sign for Santos Brasil Participações that you need to be mindful of.