Ambipar Achieves Record Revenue, and Stock Surges 857% Year-to-Date

Diversification strategy and partnerships propel the company to new heights, says CFO João Arruda. Ambipar headquarters (Photo: Ambipar/Disclosure).

247 – Ambipar (AMBP3) closed the third quarter of 2024 with record results. The company’s net revenue reached R$ 2.1 billion, representing a 79.5% growth compared to the previous year. Net income also exceeded expectations, totaling R$ 44.5 million, an increase of 27.9% compared to the same period in 2023. In an interview with E-Investidor, Ambipar’s CFO João Arruda detailed the factors that enabled this impressive performance, highlighting the diversification of operations and strengthening of strategic partnerships.

The company’s growth is reflected not only in revenue and profit figures. Ambipar’s shares have gained 857% throughout 2024, making it one of the top performers on the Brazilian Stock Exchange. Part of this success is attributed to the increase in Ebitda, which reached R$ 515.3 million, a 37% rise compared to the previous year. According to Arruda, the result was driven primarily by operations in waste management and environmental emergency response, with significant projects in both Brazil and the United States.

In the waste management area, the company implemented environmental enhancement projects that raised the average ticket by 15.9% up to September. Additionally, partnerships with major companies like Heineken contributed to a stronger presence in this sector. In the emergency response division, which includes support for chemical and environmental crises, Ambipar completed high-impact operations, such as the removal of the M/V Dali cargo ship in Baltimore. In Brazil, the company assisted clients in protecting assets against fire and drought risks, further strengthening its reputation in the sector.

The company’s strategy of reducing CAPEX relative to revenue showed visible results, with the indicator reaching 6.3% of net revenue, the lowest level ever recorded by Ambipar. “We are growing organically, which brings us a lot of confidence,” said Arruda. For the CFO, the diversification of operations ensures a solid foundation for the company’s future, which expects to maintain positive cash flow generation and continue reducing leverage. 

In Arruda’s view, Ambipar is on the right track by focusing on sustainability and organic growth. The reduction in leverage to 2.62x in the third quarter, a decline from the previous quarter, demonstrates a commitment to financial balance as the company seeks to reach its target of 2.5x by the end of 2026.

The market has also responded positively to the expanded stake of CEO Tércio Borlenghi Junior, who now holds about 73.1% of the company’s capital. Additionally, funds from the Trustee asset manager, holding 11.89% of the shares, strengthen the shareholder base, which is seen as a sign of confidence in Ambipar’s trajectory. For CFO João Arruda, the commitment of these investors provides reassurance for the company to continue with its growth projections.

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