Americanas (AMER3), in judicial recovery, reported positive financial results in the third quarter of 2024 (Q3 2024), with a net profit of R$ 10.3 billion, reversing a loss of R$ 1.63 billion in the same period the previous year.
This performance is attributed to the successful execution of the Judicial Recovery Plan, which included the settlement of concursal debts at a discount. The consolidated financial result was positive at R$ 14.2 billion, driven by discounts on debts, which favorably impacted financial income. Adjusted EBITDA was also positive at R$ 497 million, reversing the negative result of R$ 269 million recorded in Q3 2023.
The well-implemented restructuring transformed the company, eliminating nearly all concursal debts and improving its capital structure, resulting in a reversal of net equity from R$ 30.4 billion in the negative in June 2024 to R$ 5.7 billion in the positive by September 2024.
These positive results highlight the beneficial effects of judicial recovery as an alternative for overcoming the economic and financial crisis situation
