Sendas Distribuidora Sa ( (ASAIY) ) has released its Q4 earnings. Here is a breakdown of the information Sendas Distribuidora Sa presented to its investors.
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Sendas Distribuidora S.A., known as Assaí Atacadista, is a leading Brazilian cash and carry company operating in the retail sector, with a strong presence across Brazil and a focus on providing value to both merchants and consumers. In its latest earnings report, Assaí announced significant growth with a net income increase of 38% pre-IFRS16, and an impressive 45% post-IFRS16 for the fourth quarter of 2024, reflecting the company’s robust financial health and strategic advancements. The company achieved a gross revenue of R$ 80.6 billion for 2024, marking a 10.7% increase from the previous year, while expanding its store network to 302 units, following the successful conversion of hypermarkets to cash and carry formats. Assaí’s strategic focus on store conversions and operational efficiency led to a notable improvement in profitability, with an EBITDA margin reaching 6.4% pre-IFRS16 and 8.1% post-IFRS16 in the final quarter of the year. Moving forward, Assaí aims to continue its expansion with plans to open around 10 new stores in 2025, while maintaining a focus on reducing leverage to approximately 2.6x, as it navigates the challenges posed by interest rate fluctuations.
