Adjusted EBITDA per unit grows 17.0%
Cash COGS ex-resale per unit declines 2.7%
- 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.
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Investor Relations Team
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