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Press Release -- October 5th, 2022
Source: padtec

Padtec S.A. receives Anuário Telecom award as the 10th fastest growing telecommunications company in 2021

In the ranking of the 2022 edition of the Anuário, the company is in the 42nd position among the 100 largest in the telecom sector in Brazil.

The positive financial performance and sustainable growth in 2021 earned Padtec an important recognition. The company has just received the Anuário Telecom 2022 Award, granted by Fórum Editorial, for having reached the 10th position among the telecommunications companies that grew the most in 2021. In addition, it reached the 42nd position in the Anuário Telecom 2022 ranking, which looks at the 100 largest companies in the sector operating in Brazil. The award ceremony was held yesterday (October 4th), in virtual format, and also marked the launch of the Anuário.

A jury, formed by specialists from Fundação Getúlio Vargas and from Fórum Editorial itself, analyzed the financial statements of a universe of 107 companies (75 in the area of products and 32 in the area of services). The study takes into account, as a basis for the calculations, the net revenues in the last year of the analyzed companies. In the 2022 edition, Padtec rose seven positions in the Anuário Telecom ranking, compared to 2021 (when it ranked 49th). It was also awarded as the 10th largest company in the telecommunications sector in Brazil.

Padtec S.A. ended 2021 with gross operating revenue of around R$ 448 million, which represented a growth of 41.2% compared to 2020. It was the best annual result in the company’s history – which completed 20 years of operation. In 2021, Padtec not only generated cash but continued to operate in the black. The company’s net income reached R$ 29.7 million and gross income, R$ 122.6 million – values that represent growth of 64.3% and 43.9%, respectively, compared to 2020.

Carlos Raimar, Padtec’s CEO, points out the increase in demand for broadband and the launch of new products as the main factors responsible for the expansion of the company’s business in 2021. The executive highlights that the growth, which was already occurring due to the evolution of telecommunications networks in the country – and in the world – was accelerated by the scenario of social isolation, which began to require increasing transmission capacities to meet the increase in traffic and services. “The companies that make up the telecommunications ecosystem needed to adapt their network infrastructure to the level required by the market, which led to massive investments in expanding and improving these networks and their services”, says the executive.

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