The Plan & Plan (PLPL3) reported net income of BRL 40.8 million in the first quarter of 2023 (1Q23), an 85.1% higher amount than the same period in 2022, the company reported on Thursday (11).
Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) totaled R$60 million in Q1 2023, an increase of 47.5% compared to Q1 2022.
Adjusted Ebitda margin reached 15.4% between January and March this year, an increase of 2.5 percentage points (pp) compared to the margin in Q1 2022.
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Net sales for the first quarter of this year were BRL 390.2 million, a 23.4% growth compared to the same period in 2022.
Gross profit reached R$140.7 million in the first quarter of 2023, an increase of 60.6% compared to the same period in 2022. Gross margin was 36.1% in the first quarter of 2023, up by 8.3 percentage points compared to margin in Q1 22.
The net financial result was positive by R$4.9 million in the first quarter of 2023, an increase of 336.3% compared to the financial losses in the same period of 2022.
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On March 31, 2023, the company’s net debt was BRL 227.7 million, an increase of 18.1% compared to December 2022.
The financial leverage indicator, measured by net debt/equity, was 50.3% in March/23, down 3.1 percentage points from December 2022.
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