Brazil · Delayed Price · Currency is BRL Vamos Locação de Caminhões, Máquinas e Equipamentos Earnings Call Transcripts
Fiscal Year 2025
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Revenue and EBITDA reached record highs in 2025, driven by higher utilization, strong used vehicle sales, and operational efficiency. 2026 guidance targets over 90% utilization, continued inventory reduction, and 9–20% revenue growth.
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Record fleet utilization and used vehicle sales drove 25% revenue growth and strong cash flow. Leverage improved, and guidance was reiterated, with operational efficiency and asset redeployment supporting sustainable expansion.
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Record used vehicle sales and strong lease revenue growth drove a 16.9% rise in net revenue, though EBITDA and net income declined due to higher depreciation and idle assets. Guidance was revised downward for new assets but raised for contract extensions and used vehicle sales, with a focus on improving utilization and reducing leverage.
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Net revenue rose 24% year-over-year to BRL 1.3 billion, driven by record used vehicle sales and improved fleet utilization. 2025 guidance is reaffirmed, with BRL 5 billion in CapEx and EBITDA projected at BRL 3.85–4.15 billion. Leverage and liquidity remain strong.
Fiscal Year 2024
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Delivered strong 2024 results with 57% higher adjusted net income and 32% EBITDA growth, driven by leasing and used vehicle sales. Focused on contract renewals, operational efficiency, and reduced capex, the company expects sustainable growth and deleveraging in 2025.
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Q3 2024 saw 33% revenue growth and 51% net income increase year-over-year, driven by strong rental and used asset sales. 2025 guidance includes BRL 5 billion in CAPEX, focus on Seminovos expansion, and leverage reduction below 3x.
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Adjusted EBITDA grew 31.6% and net profit 92.8% year-over-year, driven by rentals, despite non-recurring losses from floods and agribusiness impairments. The new Sempre Novo product supports asset redeployment, and working capital and leverage are set to improve in H2 2024.