B3 S.A. – Brasil, Bolsa, Balcão B3 S.A. – Brasil, Bolsa, Balcão (ticker: B3SA3) reports today its fourth quarter (4Q20) earnings. Total revenues reached R$2,537.7 million, a 44.3% increase over the same period of the previous year (4Q19), while recurring EBITDA totaled R$1,728.9 million, up by 46.5% year-over-year (yoy). The Company’s recurring net income totaled R$1,159.6 million.
Chief Executive Officer of B3, Gilson Finkelsztain, said: “2020 will go down in history as one of the most challenging periods we have ever gone through, with the spread of Covid-19 causing deep impacts on the economy and society. In 4Q20 there were still concerns regarding how and when the pandemic would be completely overcome, however, progress on immunization tests in Brazil and around the world brought relative optimism to the economic recovery, which reflected in the capital, credit, and vehicle markets. Notwithstanding the challenges of the Covid-19 scenario, we continue to be in an attractive structural environment for the development of the capital markets, with inflation under control and the basic interest rate at 2% p.a., its lowest historical level. Companies continue to tap the equities and debt capital markets to raise funds, motivated by the low cost of capital, and by local investors’ willingness to seek alternatives to diversify their portfolios. Volumes traded continued to increase, which, combined with the continuous availability and stability of our platforms, reinforces our commitment to excellence and operational resilience, strengthening our position as a robust and secure infrastructure for our customers and the market.”
Chief Financial and Investor Relations Officer, Daniel Sonder, added: “Sustained high volumes traded on our platforms contributed to a solid financial performance and strong cash generation, all of which was distributed to shareholders through dividends, interest on capital and repurchase of shares. Additionally, we made progress on our corporate philanthropy actions focused on mitigating the effects of coronavirus on society, through donations made both by B3 and B3 Social, a non-profit association in which B3 is a founding member. At the end of the year, we concluded the actions announced during 2020, which totaled R$50 million for health, food, and micro and small social projects business.”
To view the complete report of the Earning Results of B3 for the Fourth Quarter of 2020, please click here.
Investor Relations B3 Podcast - 4Q2020
Click here and listen to the comments of
CFO Daniel Sonder and Marcela Bretas, Investor Relations director,
on B3's financial results for the 4th quarter of 2020
