The Brazilian supplier recorded a 67% increase in net revenue obtained from sales abroad
which reached the mark of R$ 77.2 million.
Campinas, March 23, 2023 – Padtec Holding (B3: PDTC3), the sole shareholder of Padtec S/A,
a leading manufacturer of optical transport systems, ended 2022 with net revenue of
approximately R$ 365 million, which represents growth of 6.4% compared to 2021. It was the best
annual results in the history of Padtec – which completed 21 years of operation in 2022.
Sales in the international market played an important role in this result, contributing 21% of the
company’s net revenue for the year. Another 67% came from the sale of DWDM equipment in
Brazil and 12% from the services area. As a result of its international expansion strategy, Padtec’s
net revenue from sales abroad increased by 67% in 2022, compared to the previous year,
reaching R$ 77.2 million.
After strengthening its presence in Latin American countries and establishing a partnership in
Europe, last year Padtec announced an agreement with the Angolan consultancy Zanecom to
offer DWDM solutions in sub–Saharan Africa. In addition, in February of this year, the company
opened another commercial office in Latin America. Located in Lima, Peru, it is the company’s
fourth office in the region in addition to Brazil. The others are in Argentina, Chile and Colombia.
With a focus on new market verticals, Padtec also announced, in 2022, the creation of a new
department focused on the area of solutions, software and telecommunications services. The
purpose is to make its services unit even more strategic within the company, with a role dedicated
specifically to the development of platforms and complete solutions for the telecommunications
sector, including support (software, monitoring and automation solutions) and infrastructure to
support telecom networks. As part of this strategy, Padtec has also launched new services –
among the most recent is Smart Site, a cloud platform aimed at the remote management of
network environments.
Padtec’s gross profit in 2022 reached R$ 116.9 million, with a gross margin of 32%, maintaining
the same level as in 2021. The company also recorded an Adjusted EBITDA result similar to
2021, with earnings before interest, taxes, depreciation and amortization, discounting non–
recurring effects, of R$ 46.6 million (and Adjusted EBITDA margin of 12.2%). In the fourth quarter
of 2022, the company’s Adjusted EBTIDA reached R$ 18.9 million (18.0% margin) – an increase
of 40.4% when compared to the same period of 2021.
In the area of research and development, Padtec invested R$ 41.7 million of its revenue in the
evolution of its product line. “One example of the result of our high investment in R&D is the
standalone 400 Gb/s per optical channel transponder (800 Gb/s in total), launched at the
beginning of this year”, highlights Roberto Nakamura, Technology Director at Padtec. “It is a
solution designed to meet the main requirements of regional providers as related to the evolution
of their networks: high performance, availability and flexibility for rapid expansion, at a more
accessible cost”, he adds.
Carlos Raimar, Padtec’s CEO and Investor Relations Officer, points out that the company’s plans
for the future include the continuity of its business with a focus on international expansion and
strengthening commercial and financial partnerships. “The development of new products,
software platforms, special services and RAN solutions for 4G and 5G networks is also under
analysis. These solutions may be developed by Padtec itself, or through partnerships and
acquisitions of other companies”, reveals the executive.
The full results report is available on the ‘Investor Relations’ page of the Padtec website
(www.padtec.com.br/investor/padtec–holding/).
About Padtec (www.padtec.com)
Padtec is a global provider of flexible and high–capacity optical transport solutions based on DWDM
technology. Padtec offers an extensive product portfolio for corporate access, DCI, metropolitan and regional
networks and multi–terabit long–distance networks, which meets the end–to–end demands – in transport,
optical amplification and route protection – of operators, integrators, carrier of carriers, utilities and service
providers. Padtec’s service unit is involved in the deployment, operation and maintenance of systems and
in optical network management. With a strong focus on research and development, Padtec’s, pioneering
technology spans long distances and challenges boundaries to connect the world intelligently.
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