Notícia

CONSOLIDATED EBITDA OF SONDA INCREASED 15.3% IN THE FIRST QUARTER OF 2019

CONSOLIDATED EBITDA OF SONDA INCREASED 15.3% IN THE FIRST  QUARTER OF 2019

SONDA, the leading Latin American network of IT Services and Solutions, reported its results for the first quarter of 2019, in which consolidated revenues totaled $ 195,098 million, equivalent to US$ 287.5 million, EBITDA reached $ 20,256 million, equivalent to US$ 29.9 million, and net income was $ 4,753 million, equivalent to US$ 7.0 million.

Revenues increased by 5.4% in Chilean pesos compared to the first quarter of 2018,mainly explained by Chile (+5.6%), Mexico (+9.5%) and OPLA (18.3%).

Consolidated EBITDA increased 15.3% in the quarter, explained mostly by Brazil (+137.2%), which has been showing growth and operational improvements since 2018, along with Mexico (+ 266.9%).

In the same way, the EBITDA margin reached 10.4% during the first quarter of 2019, which increased by 90 bp compared to the same period of 2018. Brazil highlighted registering sequential margin improvements year-over-year during 2018. The first quarter of 2019 maintains the positive trend of the previous year, with an acceleration in the margin expansion, reaching an improvement of 380 bp in the period. In addition, the Mexican operation presented an expansion of 950 bp on its EBITDA margin.

Business closings reached US$ 311 million during the first quarter of 2019, mainly explained by the growth of 22.7% in Chile and 14.3% in Brazil (BRL) compared to 2018. Closed deals in Brazil represented 46% of the consolidated deals.

Business opportunities (pipeline) reached US$ 3.6 billion, representing an increase of 11% compared to the end of 2018. Brazil and Mexico pipelines highlights increasing by 20% and 212%, respectively.

Regarding SONDA´s results, the CEO of SONDA, Raul Vejar pointed out “we are starting 2019 with revenue growth and significant performance improvements in key markets for the Company.¨ He also stated “during this year we will work on implementing our Strategic Plan that represents an ambitious challenge in which we are engaged with renewed enthusiasm. Even though the results for the first quarter are better than those reported during the same period of 2018, we see great opportunities to continue improving quarter to quarter during 2019.”

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