INSUBCONTINENT EXCLUSIVE:
45.6% annual net profit decline to R$107.8 million ($18 million) for Q1 2025.The results, released May 6, revealed a company grappling with
soaring interest rates while demonstrating operational resilience through strategic restructuring
Revenue grew 24% year-over-year to R$1.33 billion ($222 million), driven by record leasing asset sales and service income.EBITDA rose 10.1%
to R$886.7 million ($148 million), though both metrics fell short of analyst expectations
rate.Leverage improved slightly to 3.3x net debt/EBITDA from 3.6x
Asset occupancy reached 85%, while used vehicle sales defied seasonal trends with an 82% revenue jump to R$290 million ($48 million).Vamos
Shares Plunge 8% Amid Profit Crash Despite Operational Gains
strengths clash with financial fragility
The stock trades at 5.6x EV/EBITDA, a 40% discount to historical averages.BTG maintains a R$15 ($2.50) price target, betting on margin
skepticism persists despite 28.5% annual earnings growth since 2020
The 8% single-day plunge erased R$900 million ($150 million) in market value, underscoring investor impatience with interest rate
costliest borrowing climate.
