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SABESP Announces 3Q12 Results

Stocks in this article: SBS

SAO PAULO, Nov. 14, 2012 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based on the number of customers, announces today its results for the third quarter 2012 (3Q12).

In 3Q12, net operating revenue reached R$ 2.7 billion, a 4.6% growth compared to 3Q11. Costs and expenses, including construction costs, in the amount of R$ 2.0 billion grew 2.3% over 3Q11. EBIT grew 11.7%, from R$ 646.0 million in 3Q11 to R$ 721.8 million in 3Q12. EBITDA increased 10.8%, from R$ 814.2 million in 3Q11 to R$ 902.0 million in 3Q12. The EBITDA margin was 33.3% in 3Q12 in comparison to 31.4% in the same period of the previous year. Excluding construction revenues and construction costs, the EBITDA margin was 42.4% in 3Q12 (41.6% in 3Q11).

Gross operating revenue from water supply and sewage collection grew from R$ 2.1 billion in 3Q11 to R$ 2.3 million in 3Q12, an increase of R$ 194.8 million or 9.4%. The main factors for this result were the tariff adjustment of 6.83% in 2011 and the increase of 3.2% in total billed volume.

The complete version of the release is available at the Company's website: www.sabesp.com.br

Conference call – November 21, 2012

in English 11:00 am (US EST)Dial-in access: 1(412) 317-6776Conference ID: Sabesp

in Portuguese 8:00 am (US EST)Dial-in access: 55 (11) 3127-4971Conference ID: Sabesp

Live webcast at: www.sabesp.com.br

IR Contacts: Mario Arruda Sampaio: (55 11) 3388-8664 ( maasampaio@sabesp.com.br ) Angela Beatriz Airoldi: (55 11) 3388-8793 ( abairoldi@sabesp.com.br)

SOURCE SABESP

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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