In This Article:
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Revenue: BRL696 million in 2024, a 39% increase over 2023.
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Gross Sales: BRL1,053 million in 2024, a 58% increase over the previous year.
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Net Sales: BRL609 million in 2024, a 16% increase over 2023.
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Backlog Gross Profit: BRL203 million, a 21% increase over the fourth quarter of 2023.
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Cash Generation: BRL95 million in 2024, compared to BRL256 million negative cash generation in 2023.
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Net Debt: BRL555 million at the end of the fourth quarter 2024.
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Shareholders' Equity: BRL386 million due to the results of the period.
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Administrative Expenses: Decreased by 7% in 2024 compared to 2023.
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Inventory: BRL716 million at the end of 2024, with 98% concentrated in Sao Paulo.
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Landbank: BRL5.1 billion in PSV, with BRL2.8 billion in Tecnisa's share.
Release Date: March 27, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Tecnisa SA (BSP:TCSA3) achieved a 58% increase in gross sales over the year 2023.
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The company reported a significant cash generation of BRL95 million in 2024, a turnaround from a negative cash generation of BRL256 million in 2023.
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Tecnisa SA (BSP:TCSA3) successfully launched projects with a PSV of BRL1.6 billion in Jardim das Perdizes, meeting their guidance.
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The company has a robust landbank valued at BRL5.1 billion, with BRL2.8 billion attributed to Tecnisa's share.
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Administrative expenses were reduced by 7% in 2024, following a significant reduction in 2023.
Negative Points
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Tecnisa SA (BSP:TCSA3) faced a situation where a land was taken by the government, resulting in a BRL20 million impact.
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Despite improvements, the company still has a net debt of BRL555 million.
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Inventory levels remain high at BRL716 million, with a significant portion still under construction.
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The company's net results were impacted by external factors, including government land acquisition.
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Tecnisa SA (BSP:TCSA3) has a significant portion of its inventory concentrated in Sao Paulo, limiting geographic diversification.
Q & A Highlights
Q: Can you provide more details on the financial performance and cash generation for 2024? A: Anderson Luis Hiraoka, CFO, explained that Tecnisa achieved BRL95 million in cash generation for 2024, a significant improvement from a negative cash generation of BRL256 million in 2023. The company also reported a backlog gross profit of BRL203 million, reflecting a 21% increase over the previous year.
Q: What are the expectations for future project launches, particularly in Jardim das Perdizes? A: CEO Fernando Perez stated that Tecnisa plans to launch BRL1.5 billion in projects in 2025 and BRL2.1 billion in 2026. The company successfully launched BRL1.6 billion in 2024, meeting its guidance.