In the accumulation of the six months of the year, the operating revenue of the Brazilian supplier already totals R$ 197.2 million.
Padtec Holding (B3: PDTC3), the sole shareholder of Padtec S/A, a leading manufacturer of optical transport systems, ended the second quarter of 2022 with gross operating revenue of BRL$ 103.5 million, which represents growth of 10.4% in relation to the previous quarter. As a result, the company’s operating revenue reached the mark of R$ 197.2 million in the first half of 2022 – a drop of 4% compared to the same period last year.
As a result of its international expansion strategy, Padtec recorded a 53% growth in export revenues in the first half of the year, compared to the same period in 2021. “This represents a historic record in the composition of revenues and an important indicator of the consolidation of Padtec’s presence in the international market, as the result of the strategy adopted in the last decade, which culminated in the company’s direct operations in Latin American markets”, highlights Manuel Andrade, CEO of Padtec North America. Headquartered in Campinas, in the interior of São Paulo, Padtec has four commercial offices abroad located in Argentina, Chile, Colombia and the United States.
Renato Jordão, Padtec’s CFO and Investor Relations Officer, explains that the year has brought significant challenges for the sector and for the business, on several fronts – macroeconomic, political, in addition to the persistent crisis in supplies for microelectronics. “Padtec is well positioned in the telecommunications ecosystem, competitively offering innovative and state-of-the-art technology solutions and services. However, the scenario remains challenging, due to local and global factors such as rising inflation and interest rates and the pressure in cost in logistics chains”, highlights the executive.
Padtec’s gross profit, in the second quarter of the year, reached R$ 28.2 million – which represents a growth of 36.2% in relation to the first quarter. Gross margin was 33.2% (an increase of 4.8 percentage points), maintaining the same level as in recent quarters and reinforcing business profitability. The company also recorded an improvement in EBITDA, with earnings before interest, taxes, depreciation and amortization of R$ 5.2 million (EBITDA margin of 6.2%) – an amount 47.9% higher than in the previous quarter. In addition, it closed the quarter with a net debt of R$20.7 million, compared to a total debt of R$93.9 million, reinforcing its solid capital structure.
In the second quarter of 2022, Padtec’s new financing line came into operation with a credit rights investment fund (FIDC) together with BNDESPAR (BNDES Participações), which uses resources from the Fund for the Technological Development of Telecommunications (FUNTTEL), of the Ministry of Communications, aiming at the development of solutions for 5G networks. “For our customers, new lines of credit bring new options to enable investments to expand their operations and increase the capacity and quality of their networks, in order to support the growth in demand in the time that their business and customers require” , says Carlos Raimar, CEO of the company. Padtec already offers other sales financing options to the market for customers – such as “vendor”, FIDC with the Sifra group and “forfait” operations to finance international sales.
For the future, Padtec’s plans include maintaining the focus on technological innovation for the development of new lines of products and services, expanding its leadership in the Brazilian market and increasing its international presence.
The full results report is available on the ‘Investor Relations’ page of the Padtec website (www.padtec.com.br/investor/padtec-holding/).