The Brazilian supplier, which completed 20 years of operation in 2021, recorded a 41.2% increase in its gross operating revenue, which reached the mark of R$ 448.8 million.
Padtec Holding (B3: PDTC3), the sole shareholder of Padtec S/A, a leading manufacturer of optical transport systems, ended 2021 with gross operating revenue of R$ 448.8 million, which represents an increase of 41.2% compared to 2020. The equipment business unit based on DWDM (Dense Wavelength Division Multiplexing) technology played an important role in the good results achieved by the company, registering a growth of 47.7% for the period. It was the best annual results in Padtec’s history – which, in 2021, completed 20 years of operation.
The company also recorded an improvement in EBITDA, with earnings before interest, taxes, depreciation and amortization of R$58.5 million – 71.2% higher than in 2020. Adjusted EBITDA (which excludes non-recurring events) reached the mark of R$47.4 million, with a margin of 13.8% – an increase of 77.1% when compared to the amount recorded in 2020..
In 2021, Padtec not only generated cash, but also continued operating in the black. The company’s net income reached R$ 25.6 million and gross income R$ 122.6 million – values that represent growth of 56.8% and 43.9%, respectively, in relation to 2020. The company also closed the year with negative net debt of R$ 15.5 million compared to a total debt of R$ 83.7 million, reinforcing its solid capital structure, with cash resources that exceed the debt amount.
Padtec’s commitment to its customers also received important recognition last year. A survey commissioned to measure the level of satisfaction and loyalty of its customers showed an increase of 13 percentage points in the NPS (Net Promoter Score) index, which reached the mark of 55%. The objective of the research was to evaluate the perceptioin of the company by Padtec’s main customers in the Brazilian and Latin American markets, looking at different segments of operation.
Focusing on the potential of 5G technology in Brazil (and in the world), Padtec announced in December the signing of a Memorandum of Understanding (MoU) with the companies Trópico and Airspan Networks Inc. in order to create a technical and economic feasibility study for the development of solutions for these new networks. The agreement is part of Padtec’s strategy for the coming years, which aims to address the 5G mobile communications market.
Also in December, Padtec concluded the structuring of a credit rights investment fund (FIDC), together with BNDES Participações (BNDESPar), in the amount of up to R$100 million. The fund’s goal is, through the granting of credit to Padtec’s customers, to stimulate technological innovation, encourage the training of human resources, generate jobs and promote access to capital resources for small and medium-sized companies, increasing the competitiveness of the telecommunications industry.
“For our customers, new credit lines bring new options to make investments in the expansion of their operations viable, in order to support the growth in demand in the time frame that their business and their customers require”, says Carlos Raimar, CEO of Padtec. The company already offers the market other financing options through BNDES itself, Finep (the federal government’s technology and innovation investment arm), private banks and its own line of credit.
Raimar reveals that the company’s plans for the future include continuing to conduct its business with a focus on growth, profitability and technological innovation, with even higher levels of competitiveness. “In this way, we will continue to pursue our goal of offering increasingly advanced telecommunications solutions and services to the market”, he adds.
The full results report is available on the ‘Investor Relations’ page of the Padtec website (www.padtec.com.br/investor/padtec-holding/).
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