Latest news with #crescimento
Reuters
28-05-2025
- Business
- Reuters
Brazil creates more formal jobs than expected in April
BRASILIA, May 28 (Reuters) - Brazil's economy created a net 257,528 formal jobs in April, data from the Labor Ministry showed on Wednesday, above the 175,000 expected by economists in a Reuters poll. The data accounts for 2,282,187 jobs opened and 2,024,659 closed in the period, according to the ministry. It was the highest figure for April since 2020, when the current methodology for the official series was introduced. From January to April, a net 922,362 jobs were created in Brazil, down from 965,818 a year earlier, according to adjusted data.
Reuters
19-05-2025
- Business
- Reuters
Brazil's government lifts 2025 GDP forecast, nudges inflation outlook higher
BRASILIA, May 19 (Reuters) - Brazil's Finance Ministry on Monday nudged its growth forecast higher and lifted its inflation projection for this year, according to fresh estimates from its economic policy secretariat. Gross domestic product (GDP) is now seen expanding 2.4% in 2025, up from the 2.3% seen in March, while the 2026 forecast was kept at 2.5%. Meanwhile, consumer prices are expected to rise 5.0% this year and 3.6% next year, compared with previous estimates of 4.9% and 3.5%, respectively. The upward revision of the 2025 GDP projection was related to a higher economic growth outlook for the first quarter, and to raised predictions of agricultural production in the year, according to the secretariat. Brazil's central bank hiked the benchmark interest rate to 14.75% earlier this month, its highest level in nearly two decades, with policy makers saying "significantly contractionary" policy would be needed for a prolonged period to return inflation to target. Guilherme Mello, the economic policy secretary at the Finance Ministry, told journalists in Brasilia that monetary policy has indeed been impacting the government's projections. He said a slowdown in economic activity is expected for the second half of the year, mostly on the back of higher rates, with effects already seen in cyclical segments of the economy. Brazil confirmed its first outbreak of bird flu on a commercial farm on Friday, triggering a series of poultry export restrictions. Mello said it was too early to gauge the economic impact.
Yahoo
19-05-2025
- Business
- Yahoo
EZ TEC Empreendimentos e Participacoes SA (BSP:EZTC3) Q1 2025 Earnings Call Highlights: Record ...
Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. EZ TEC Empreendimentos e Participacoes SA (BSP:EZTC3) reported a 32% growth in launches in Q1 2025 compared to Q1 2024, marking the strongest quarter in launches in the company's history. The company achieved a significant growth of nearly 30% in net sales, reaching BRL 378 million, with one of the lowest contract cancellation numbers in recent quarters. EZ TEC Empreendimentos e Participacoes SA (BSP:EZTC3) reported a 30% increase in net revenue for the quarter, aligning with the growth in net sales. The company experienced a notable improvement in gross margins, with an increase of 8 to 9 percentage points over the last year. EZ TEC Empreendimentos e Participacoes SA (BSP:EZTC3) maintained a strong cash position with BRL 933 million in cash and a net debt of BRL 366 million, primarily based on financing. The company faces challenges with labor shortages, impacting construction timelines, although they are working to mitigate this with more industrialized processes. There is a seasonal effect in the first quarter due to holidays, rain, and school vacations, which naturally reduces the company's capacity to execute. Interest rates remain high, posing challenges for financing and impacting the conversion rates for the company's own financing portfolio. The macroeconomic scenario, including high interest rates, presents challenges for sales, although the company remains optimistic about future performance. EZ TEC Empreendimentos e Participacoes SA (BSP:EZTC3) is cautious about inventory levels, aiming to avoid disproportionate increases that could lead to discomfort for the company. Warning! GuruFocus has detected 9 Warning Signs with BSP:EZTC3. Q: This quarter, there was a considerable increase in gross margins. Can you give us some color on how much that affected your margins this quarter and how much of it came from cost controls and price increases? Also, do you intend to continue with this volume of launches in the second half of the year? A: The increase in gross margins was influenced by a reversal of AVP of projects close to conclusion, tighter cost controls, and price increases. The AVP reversal contributed around 1% to the margins. Regarding launches, if the market absorbs what we want to sell and sales perform well, we will continue with the current volume. We will reassess in July to decide on the pace for the next quarter. Q: You have launched many studio apartments recently. Is this a strategic focus, or were these lands bought in the previous plan? Also, how is the Esther Tower project progressing? A: The focus on studio apartments is part of a broader strategy to be present across all real estate segments in Sao Paulo. These are not exclusively studio buildings but mixed developments. Regarding Esther Tower, there is strong rental demand, and the first tower is expected to be completed late this year or early next year. Q: With the large volume of deliveries this year, how do you plan to manage your ready inventory, and how is the owner financing portfolio evolving? A: We plan to manage ready inventory by focusing on sales after passing on bank units and offering higher commissions to brokers. The owner financing portfolio is expected to grow significantly, with a conversion rate of about 8% in fiduciary alienation, indicating a strong portfolio build-up. Q: How does the Lindenberg brand impact pricing in high-end neighborhoods, and what is the expected cash generation from deliveries in the second half of the year? A: The Lindenberg brand typically commands an 8% premium due to its reputation and quality. For the second half of the year, with 75% of deliveries already sold, we expect a net cash generation of around 300 million reais, considering the remaining receivables and fiduciary alienation. Q: Are there any plans to sell the Western Tower, considering the potential decrease in interest rates? A: Currently, the focus is on renting the Western Tower rather than selling it. We are waiting for interest rates to stabilize before considering a sale, as the current return levels are not favorable for a building of this size. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
17-05-2025
- Business
- Yahoo
Allianca Saude e Participacoes SA (BSP:AALR3) Q1 2025 Earnings Call Highlights: Record Revenue ...
Revenue: BRL321 million, highest in the company's history for Q1, a 7% increase year-over-year. 12-Month Revenue: BRL1.32 billion, indicating consistent growth. B2B Revenue: BRL11 million, a 143% increase year-over-year. Adjusted EBITDA: BRL69 million, a 47% increase with a margin of 23%. SG&A Expenses: Decreased by 33% year-over-year, representing 16% of net revenue. Net Debt to Adjusted EBITDA Ratio: Reduced to 2.1 times, the lowest since 2022. Gross Revenue from Imaging: BRL274 million, with a 6% increase in exam volume. Clinical Labs Revenue: Grew by 7%, with a 22% increase in exam volume. Gross Margin: Improved by 5 percentage points year-over-year. Gross Debt: Reduced from BRL824 million to BRL771 million. Warning! GuruFocus has detected 3 Warning Signs with BSP:AALR3. Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Allianca Saude e Participacoes SA (BSP:AALR3) reported the highest revenue in the first quarter in the company's history, reaching BRL321 million, a 7% increase over the same period last year. The B2B business unit showed significant growth, with revenues totaling BRL11 million, an increase of more than 143% compared to the previous year. Adjusted EBITDA for the quarter was BRL69 million, representing a 47% growth with an EBITDA margin of 23%. The company achieved a reduction in SG&A expenses by 33% over the first quarter of 2024, reflecting improved operational efficiency. Net debt to adjusted EBITDA ratio was reduced to 2.1 times, the lowest level since the change of control in 2022, indicating strong financial discipline. Despite revenue growth, the company faces challenges with maintaining profitability due to increased medical fees and hospital supplies costs. A significant portion of gross debt, 42%, is concentrated in the short term, which may pose liquidity risks. The company is still in the process of executing necessary steps for the acquisition of CURA units, which may delay potential benefits from this acquisition. There is a reliance on continuous efficiency improvements and restructuring processes to maintain financial health, which may not be sustainable long-term. The increase in B2B revenue, while positive, also brings higher representativeness of fees, which could impact margins if not managed carefully. Q: What is the current status of the acquisition of CURA units? A: Ricardo Sartim, Chief Executive Officer, stated that the transaction has been approved by the antitrust authorities, CADE. The company is currently executing the necessary steps to meet all required conditions, with completion expected by the third quarter of this year. Q: Can you provide details about the sale of 5% of your shares to a pension plan pool? A: Ricardo Sartim explained that Braslight acquired a significant interest in the company at the end of March, which was communicated to the market. Braslight clarified that the investment was purely an opportunity and there is no intention to change the management structure or take further steps. Q: Are there any other restructuring processes planned following the gains from SG&A initiatives? A: Ricardo Sartim mentioned that the company is focused on continuous operational efficiency. This includes revisiting processes, optimizing asset use, and implementing new technologies like AI in back-office processes. They also plan to renegotiate large contracts and constantly reassess unit performance. Q: How has the B2B business unit contributed to the company's performance? A: The B2B business unit has been a significant driver of performance, with revenues totaling BRL11 million, marking an increase of over 143% compared to the same period last year. This growth reflects an expanded customer portfolio and strategic partnerships. Q: What are the key highlights of the company's financial performance this quarter? A: Pedro Gibbon, Investor Relations Director, highlighted that the company achieved the highest revenue in its history for the first quarter, reaching BRL321 million, a 7% increase from the previous year. Adjusted EBITDA grew by 47% to BRL69 million, with an EBITDA margin of 23%. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Bloomberg
12-05-2025
- Business
- Bloomberg
EDP Says It's Confident US Will Keep Tax Credits for Renewables
Portuguese utility EDP SA is confident that tax credits for renewable projects in the US will remain in place under the administration of President Donald Trump, Chief Executive Officer Miguel Stilwell d'Andrade said. 'Obviously there is more pushback now in relation to renewables, but there's an ongoing discussion and negotiation right now in relation to the Inflation Reduction Act in the US,' d'Andrade said in a Bloomberg Television interview with Kriti Gupta and Guy Johnson. 'We continue to be confident that the tax credits, the underpinning of the renewables growth there, will continue to be there for the next couple of years.'
