News

Adjusted EBITDA per unit grows 17.0%

Cash COGS ex-resale per unit declines 2.7%

HIGHLIGHTS

  • Effective April 1st, 2019, the company adopted IFRS 16/CPC 06 (R2) Leasing Operations, which changed the recognition of leases and agricultural partnership agreements;
  • Adjusted EBITDA ex-resale/HACC/IFRS16 reached R$339.1 million, up 38.4%, with EBITDA margin expanding 10.5 p.p. to 34.2% and Adjusted EBITDA per unit advancing 43.3%;

  • Cash COGS ex-resale/IFRS16 was down 15.1%, and Cash COGS per unit fell 2.7%;

  • Selling, General and Administrative (SG&A) Expenses ex-IFRS16 decreased 16.5%;

  • The share of ethanol in the production mix increased 1.4 p.p. to 66.3%, the highest level ever for the period, given the product’s higher profitability in relation to sugar;

  • Crushing volume amounted to 10.9 million tons and consolidated agricultural yield (TCH) increased 3.8% to 88.4 ton/ha.

To access the earnings release, click here.

Regards,

Investor Relations Team

For further information contact:
Biosev S.A.
e-mail: ri@biosev.com
 

 

logo BSEV3
logo ITAG
Capctha