Padtec posted 3Q23 net revenues of R$103.5 million in 3Q23, 6.8% above 2Q23. The company reported record gross profit of R$39.2 million in 3Q23, with a record gross margin of 37.9%. In 9M23, gross profit totaled R$102.6 million (gross margin of 36.7%). Record EBITDA was R$25.4 million in 3Q23 (EBITDA margin of 24.5%), nearly double 2Q23.
Some highlights:
- Optical transport systems (DWDM equipment) – Brazil: R$65.5 million in net revenues in 3Q23 and
- R$176.7 million in 9M23.
- Optical transport systems (DWDM equipment) – foreign market: R$23.5 million in net revenues in 3Q23
- and R$58.2 million in 9M23.
- Services, Softwares and Platforms: R$14.6 million in net revenues in 3Q23 and R$44.7 million in 9M23.