Q3 2024 JSL SA Earnings Call (English, Portuguese) Transcript
Key Points
- JSL SA (BSP:JSLG3) achieved organic growth of 18% compared to the third quarter of 2023, demonstrating strong performance.
- The company reported a net profit of BRL73 million, marking a 25% increase from the previous year.
- EBITDA margin improved by 1.2 percentage points compared to the previous quarter, indicating enhanced operational efficiency.
- JSL SA secured BRL4.5 billion in new contracts for the year, showcasing its ability to win significant business.
- The company was awarded Best Company of the Year in the logistics sector by EXAME Magazine, highlighting its industry leadership.
- Despite growth, JSL SA experienced a decrease in margins, which could impact profitability if not managed carefully.
- The restructuring of IC is still contributing negatively to the top line, indicating ongoing challenges in this segment.
- The company faces tight margins in grain transportation, which has led to a strategic reduction in volumes.
- Asset sales have been underperforming, with a slower-than-expected pace of sales impacting financial performance.
- High interest rates in Brazil pose a challenge for leverage and potential M&A activities, requiring careful financial management.
Good morning, ladies and gentlemen. Welcome to JSL's conference call to discuss the results for the third quarter 2024. This conference call will be recorded, and a replay will be available at the company's website, ri.jsl.com.br. The presentation will also be available for download. (Operator Instructions)
Before moving on, I would like to emphasize that the forward-looking statements are based on the beliefs and assumptions of JSL's management and on information currently available to the company. These statements may involve risks and uncertainties because they relate to future events, and therefore depend on circumstances that may or may not occur.
Investors, analysts, and journalists are cautioned that events relating to the macroeconomic environment, the segment, and other factors could cause results to differ materially from those in the relevant forward-looking statements. Present on this call are Mr. Ramon Alcaraz, JSL's CEO; and Guilherme Sampaio, the company's Chief Financial and IR Officer.
I would now like to hand over to Mr. Alcaraz that will start the
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