Ambipar (AMBP3) reported a net profit of R$ 44.5 million in the third quarter of 2024, an increase of 27.9% (Image: Disclosure).<\/p>\n\n\n\n
The Ambipar<\/strong> <\/a>(AMBP3<\/a>) reported a net profit<\/strong> of R$ 44.5 million in the third quarter<\/strong> of 2024, a 27.9% increase compared to the previous year. The performance was driven by a 79.5% growth in net revenue, which reached R$ 2.12 billion, compared to 3Q23.<\/p>\n\n\n\n The EBITDA showed a 37.0% increase, totaling R$ 515.3 million, a record high, although the EBITDA margin recorded a drop of 7.5 percentage points, to 24.3%. Adjusted leverage improved to 2.62x, from 2.99x last year \u2013 in line with the goal of reaching 2.5x.<\/p>\n\n\n\n To Money Times<\/strong>, Ambipar’s CFO, Jo\u00e3o Arruda, said that the advancement of some key balance sheet lines is due to, among other factors, new contracts, especially in the Environment vertical, where net revenue grew 64.2%, reaching nearly R$ 1.9 billion.<\/p>\n\n\n\n This expansion was supported by projects in glass recycling, waste management, and renewed and expanded contracts, such as in the pulp and paper sector.<\/p>\n\n\n\n Arruda emphasized that Ambipar has stopped its acquisition<\/strong> activity, now focusing on organic growth and the consolidation of operations. \u201cWe have a huge integration plan ahead,\u201d he said.<\/p>\n\n\n\n \u201cMy mandate is focused on the consolidation of operations and seeking operational efficiencies,\u201d he said, noting that the focus is on cash generation and debt reduction.<\/p>\n\n\n\n CFO Arruda mentioned the expansion of international operations in the Response vertical, especially in North America and Europe, where profitability improved significantly compared to the previous quarter.<\/p>\n\n\n\n Arruda highlighted the company’s focus on sustainability and its long-term commitment to shareholders. According to him, Ambipar is on its way to becoming a global reference in sustainability, with a solid financial and operational foundation:<\/p>\n\n\n\n \u201cThis company transformation process, focused on efficiency, attracting new executives to strengthen our team even further, has just begun,\u201d he said.<\/p>\n\n\n\nConsolidation of Operations<\/strong><\/h3>\n\n\n\n