B3 S.A. - Brasil, Bolsa, Balcão Announces Earnings Results for the Third Quarter of 2017; Revises Earnings Guidance for the Year 2017
November 09, 2017
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B3 S.A. - Brasil, Bolsa, Balcão announced earnings results for the third quarter of 2017. For the period, the company reported total revenue of BRL 1.17 billion, for an increase of 20% compared with third quarter of 2016. Recurring net income was BRL 445.3 million in third quarter of 2017, a 27% decrease, mainly explained by a lower financial result as they currently hold a smaller cash balance and higher debt level versus last year as a result of the transaction with Cetip. Recurring EBITDA reaches BRL 668 million, up 10.6% year over year.
For the year 2017, the company maintains previously announced adjusted OpEx guidance between BRL 1,050,000,000 and BRL 1,100,000,000. The company expects lowers depreciation and amortization expense guidance to BRL 710 million to BRL 750 million from a previous number of BRL 790 million to BRL 840 million. The company is lowering the range for 2017 capital expenditures to BRL 230 million to BRL 250 million from a previous number of BRL 250 million to BRL 280 million. This comes as a result of a review in pipeline for the year of projects. Finally, the company also reduced the guidance for expected CapEx related to the combination in the years 2017 and 2018, from BRL 45 million to BRL 55 million range previously announced to a new number of BRL 20 million to BRL 30 million.
B3 SA Brasil Bolsa Balcao, formerly BM&F Bovespa SA Bolsa de Valores Mercadorias e Futuros, is a Brazil-based financial market infrastructure provider. The Company's service offerings range from exchange trading, clearing and other post-trading services to registration of over-the-counter (OTC) transactions. The Company also provides a listing service and acts as central securities depository (CSD). It develops software solutions and offers index licensing services. Its business is divided into four segments: Bovespa, which covers trading, clearing and settlement of equities and equity derivatives; BM&F, which covers trading, clearing and settlement of financial and commodities derivatives; Cetip Securities (Cetip UTVM), covering registration, clearing, settlement and custody systems for fixed-income securities and OTC derivatives, and Cetip Financing (Cetip UFIN), which provides an integrated private electronic system for registration of vehicle and real estate loans.
B3 S.A. - BRASIL, BOLSA, BALCÃO 
