6-K
Ambipar Emergency Response (AMBIQ)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2024
Commission File Number: 001-41638
AMBIPAR EMERGENCY RESPONSE
(Exact name of registrant as specified in its charter)
Avenida Angélica, nº 2346, 5th Floor São Paulo, São Paulo, Brazil, 01228-200 Tel: +55 (11) 3429-5000
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐ No ☒
Ambipar Parent released results for the Year and fourth quarter of 2023.
Ambipar Emergency Response informs the market that on March 28, 2024, its parent company, Ambipar Participações e Empreendimentos S.A. (“Ambipar Parent”), announced its results for the Year and twelve months ended December 31, 2023.
Excerpts of this announcement relating to Ambipar Emergency Response (the “Company”) are furnished as Exhibit 99.1 to this Report on Form 6-K. Financial information relating to the Company contained therein has not been audited or reviewed in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB) or any other auditing standards. While such financial information has been prepared in good faith and based on information available at the time of preparation, no assurance can be made that actual results will not change as a result of the Company’s management review of results and other factors. The Company’s results for Year and twelve months ended December 31, 2023 are subject to finalization and closing of the Company’s accounting books and records (which have yet to be performed) and should not be viewed as a substitute for financial statements prepared in accordance with IFRS. Accordingly, you should not place undue reliance upon the financial information contained in Exhibit 99.1. While we do not expect that such financial information will differ materially from the Company’s actual results for the Year and twelve months ended December 31, 2023, we cannot assure you that such financial information will be indicative of the Company’s actual financial results for the Year and twelve months ended December 31, 2023 or for any future periods.
EXHIBIT INDEX
| Exhibit No. | Description of Exhibit |
|---|---|
| 99.1 | Press Release of Ambipar Emergency Response dated April 1, 2024. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: April 1, 2024
| AMBIPAR EMERGENCY RESPONSE | |
|---|---|
| By: | /s/Thiago da Costa Silva |
| Name: | Thiago da Costa Silva |
| Title: | Director |
Document
Exhibit 99.1
AMBIPAR PARTICIPAÇÕES E EMPREENDIMENTOS S.A. - EARNINGS RELEASE 2023 & 4Q23
RESPONSE SEGMENT
HIGHLIGHTS
| BRL million | 4Q23 | 4Q22 | Chg. | 3Q23 | Chg. | 2023* | 2022 | Chg. |
|---|---|---|---|---|---|---|---|---|
| GROSS REVENUE | 791.7 | 667.8 | 18.6% | 702.6 | 12.7% | 2,781.9 | 1,813.3 | 53.4% |
| DEDUCTIONS | (51.2) | (35.5) | 44.2% | (61.5) | -16.7% | (191.9) | (128.4) | 49.5% |
| NET REVENUE | 740.5 | 632.3 | 17.1% | 641.1 | 15.5% | 2,590.0 | 1,684.9 | 53.7% |
| GROSS PROFIT | 197.1 | 178.1 | 10.7% | 192.2 | 2.5% | 692.5 | 475.3 | 45.7% |
| GROSS MARGIN | 26.6% | 28.2% | -1.5 p.p. | 30.0% | -3.4 p.p. | 26.7% | 28.2% | -1.5 p.p. |
* 2023 EBITDA and EBITDA margin adjusted to exclude extraordinary expenses and non-cash from NYSE listing.
GROSS REVENUE
| RESPONSE | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| COMPOSITION <br>OF GROSS REVENUE R$ million | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 |
| GROSS REVENUE | 281.5 | 350.4 | 363.3 | 431.8 | 667.8 | 627.1 | 660.4 | 702.6 | 791.7 |
| Brazil | 77.1 | 112.5 | 122.8 | 159.4 | 202.5 | 208.7 | 244.5 | 270.9 | 317.6 |
| International | 204.4 | 237.9 | 240.6 | 272.4 | 465.3 | 418.4 | 415.9 | 431.8 | 474.1 |
| Latam (ex Brazil) | 50.1 | 57.9 | 58.7 | 44.1 | 50.3 | 55.8 | 54.3 | 61.7 | 51.7 |
| Europe | 48.1 | 47.8 | 50.5 | 51.8 | 64.7 | 56.1 | 46.0 | 42.8 | 42.6 |
| North America | 106.2 | 132.2 | 131.3 | 176.5 | 350.3 | 306.5 | 315.5 | 327.3 | 379.8 |
Our operations had revenue variations as expected. Gross revenue reached R$792 million in 4Q23, 18.6% higher than 4Q22 and up by 12.7% compared to 3Q23.
BRAZIL
| COMPOSITION OF GROSS REVENUE<br>R$ million | 4Q23 | 4Q22 | Chg.<br>4Q23 x4Q22 | 3Q23 | Chg.<br>4Q23 X3Q23 | 2023 | 2022 | Chg.<br>2023 x 2022 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RESPONSE | ||||||||||||||||||||||||
| GROSS REVENUES | 791.7 | 667.8 | 18.6% | 702.6 | 12.7% | 2,781.9 | 1,813.3 | 53.4% | ||||||||||||||||
| Brazil | 317.6 | 202.5 | 56.8% | 270.9 | 17.3% | 1,041.7 | 597.2 | 74.4% | ||||||||||||||||
| Subscriptions Brazil | 41.3 | 37.0 | 11.6% | 40.3 | 2.4% | 159.4 | 140.3 | 13.6% | ||||||||||||||||
| Services Brazil | 276.4 | 165.5 | 67.0% | 230.5 | 19.9% | 882.4 | 456.8 | 93.2% | Attended Services | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | Chg.<br>4Q23 x4Q22 | |||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||
| Brazil | Gross Revenue (BRL Million) | 165.5 | 170.5 | 204.9 | 230.5 | 247.3 | 49.4% | |||||||||||||||||
| Number of Services Provided | 2,594 | 2,727 | 3,075 | 3,237 | 3,644 | 40.5% | ||||||||||||||||||
| Average Ticket (BRL Thousand) | 63.8 | 62.5 | 66.6 | 71.2 | 67.9 | 6.4% |
•Gross Revenue in Brazil grew in all comparisons, driven by the provision of emergency response services, especially rail, and by growth in environmental response.
•In Brazil, the opening of medical services via the acquisition of SMR - now “Ambipar Response Medical” - within the emergency response division, boosted subscription services1.
LATAM
| COMPOSITION OF GROSS REVENUE<br>R$ million | 4Q23 | 4Q22 | Chg.<br>4Q23 x4Q22 | 3Q23 | Chg.<br>4Q23 X3Q23 | 2023 | 2022 | Chg.<br>2023 x 2022 |
|---|---|---|---|---|---|---|---|---|
| RESPONSE | ||||||||
| GROSS REVENUES | 791.7 | 667.8 | 18.6% | 702.6 | 12.7% | 2,781.9 | 1,813.3 | 53.4% |
| International | 474.1 | 465.3 | 1.9% | 431.8 | 9.8% | 1,740.2 | 1,216.1 | 43.1% |
| Latam (ex-Brazil) | 51.7 | 50.3 | 2.8% | 61.7 | -16.1% | 223.5 | 211.0 | 5.9% |
| Subscriptions Latam | 36.3 | 35.5 | 2.0% | 35.8 | 1.2% | 142.8 | 135.7 | 5.2% |
| Services Latam | 15.5 | 14.8 | 4.6% | 25.8 | -40.1% | 80.8 | 75.3 | 7.2% |
1 Represented by three entities in ITR grade 7 (SMR, SSMR and SSR)
| Attended Services | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | Chg.<br>4Q23 x4Q22 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latam (Ex Brazil) | Gross Revenue (BRL Million) | 14.8 | 19.7 | 19.7 | 25.8 | 15.5 | 4.6% | |||||||
| Number of Services Served | 104 | 95 | 90 | 102 | 89 | -14.4% | ||||||||
| Average Ticket (BRL Thousand) | 142.3 | 207.6 | 219.4 | 253.4 | 173.8 | 22.2% |
•Latam gross revenue had a negative exchange rate impact between 3Q23 vs. 4Q23, due to the appreciation of the Real by 3.4% against the Chilean Peso. Revenue in local currency decreased by 13% due to the smaller number of services provided.
•Lower volume of emergencies in Chile was partially offset by an increase in revenue from training and services carried out in Peru. The lower volume of emergencies also contributes to a reduction in the average ticket.
EUROPE
| COMPOSITION OF GROSS REVENUE<br>R$ million | 4Q23 | 4Q22 | Chg.<br>4Q23 x4Q22 | 3Q23 | Chg.<br>4Q23 X3Q23 | 2023 | 2022 | Chg.<br>2023 x 2022 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RESPONSE | ||||||||||||||||||||||||
| GROSS REVENUES | 791.7 | 667.8 | 18.6% | 702.6 | 12.7% | 2,781.9 | 1,813.3 | 53.4% | ||||||||||||||||
| International | 474.1 | 465.3 | 1.9% | 431.8 | 9.8% | 1,740.2 | 1,216.1 | 43.1% | ||||||||||||||||
| Europe | 42.6 | 64.7 | -34.1% | 42.8 | -0.5% | 187.6 | 214.8 | -12.7% | ||||||||||||||||
| Subscriptions Europe | 4.3 | 4.7 | -7.5% | 4.3 | 0.2% | 18.1 | 15.8 | 14.3% | ||||||||||||||||
| Services Europe | 38.3 | 60.0 | -36.2% | 38.5 | -0.6% | 169.5 | 199.0 | -14.8% | Attended Services | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | Chg.<br>4Q23 x4Q22 | |||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||
| Europe | Gross Revenue (BRL Million) | 60.0 | 51.3 | 41.5 | 38.5 | 38.3 | -36.2% | |||||||||||||||||
| Number of Services Served | 5,974 | 5,947 | 5,798 | 5,854 | 5,998 | 0.4% | ||||||||||||||||||
| Average Ticket (BRL Thousand) | 10.0 | 8.6 | 7.2 | 6.6 | 6.4 | -36.5% |
•In the annual variation 4Q23 vs 4Q22, the drop in revenue is due to the major maritime emergency in oil spills in the Strait of Gibraltar.
NORTH AMERICA
| COMPOSITION OF GROSS REVENUE<br>R$ million | 4Q23 | 4Q22 | Chg.<br>4Q23 x4Q22 | 3Q23 | Chg.<br>4Q23 X3Q23 | 2023 | 2022 | Chg.<br>2023 x 2022 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RESPONSE | ||||||||||||||||||||||||
| GROSS REVENUES | 791.7 | 667.8 | 18.6% | 702.6 | 12.7% | 2,781.9 | 1,813.3 | 53.4% | ||||||||||||||||
| International | 474.1 | 465.3 | 1.9% | 431.8 | 9.8% | 1,740.2 | 1,216.1 | 43.1% | ||||||||||||||||
| North America | 379.8 | 350.3 | 8.4% | 327.3 | 16.0% | 1,329.0 | 790.3 | 68.2% | Attended Services | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | Chg.<br>4Q23 x4Q22 | |||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||
| North America | Gross Revenue (BRL Million) | 350.3 | 306.5 | 315.5 | 327.3 | 379.8 | 8.4% | |||||||||||||||||
| Number of Services Served | 3,117 | 3,228 | 3,660 | 3,751 | 4,754 | 52.5% | ||||||||||||||||||
| Average Ticket (BRL Thousand) | 112.4 | 95.0 | 86.2 | 87.2 | 79.9 | -28.9% |
•North American operations continue their growth trajectory in industrial and emergency services, with emphasis on performance in the USA. Our emergency response division responded to onshore oil spills with an impact on water bodies, and we grew in port and industrial services. The resilience consultancy division presented superior performance compared to 3Q23.
•In Canada, the merger of industrial services companies with a larger competitor (Bulldog) contributed to creating scale, higher number of services attended and increasing bases in the region.
NET REVENUE
| R$ million | 4Q23 | 4Q22 | Chg. | 3Q23 | Chg. | 2023 | 2022 | Chg. |
|---|---|---|---|---|---|---|---|---|
| Gross Revenues | 791.7 | 667.8 | 18.6% | 702.6 | 12.7% | 2,781.9 | 1,813.3 | 53.4% |
| Deductions | (51.2) | (35.5) | 44.2% | (61.5) | -16.7% | (191.9) | (128.4) | 49.5% |
| Net Revenues | 740.5 | 632.3 | 17.1% | 641.1 | 15.5% | 2,590.0 | 1,684.9 | 53.7% |
| % Deductions / Gross Revenues | (6.5%) | (5.3%) | -1.1 p.p. | (8.8%) | 2.3 p.p. | (6.9%) | (7.1%) | 0.2 p.p. |
•The variation in net revenue accompanied the evolution of gross revenue by geography, and the revenue deductions for each region. There was no significant change in the tax structure of each market, with higher deductions in the Brazilian market than in the international market.
COST OF PRODUCTS/SERVICES (CASH)
| RESPONSE | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COST OF SERVICES<br><br>R$ million | 4Q23 | 4Q22 | Chg. | 3Q23 | Chg. | 2023 | 2022 | Chg. | |||||||||||
| Personnel | 300.0 | 271.5 | 10.5% | 260.0 | 15.4% | 1,051.1 | 647.4 | 62.4% | |||||||||||
| Third parties | 123.4 | 69.0 | 78.7% | 102.7 | 20.1% | 407.1 | 210.5 | 93.4% | |||||||||||
| Maintenance | 27.3 | 27.8 | -1.8% | 22.7 | 20.5% | 94.5 | 58.0 | 62.9% | |||||||||||
| Travel | 12.2 | 17.2 | -29.2% | 19.7 | -38.1% | 68.2 | 33.2 | 105.5% | |||||||||||
| Freight | 0.4 | 13.4 | -97.0% | 1.2 | -66.7% | 3.9 | 17.0 | -77.4% | |||||||||||
| Rentals | 0.2 | 8.6 | -97.5% | (21.2) | N.M. | 1.5 | 31.0 | -95.3% | |||||||||||
| Fuel | 18.0 | 7.5 | 141.0% | 16.1 | 11.3% | 59.5 | 58.1 | 2.3% | |||||||||||
| Materials | 11.5 | 5.2 | 119.5% | 4.6 | 151.6% | 29.1 | 22.4 | 30.2% | |||||||||||
| Telecommunications | 4.1 | 4.2 | -2.2% | 3.7 | 11.5% | 14.4 | 6.4 | 122.8% | |||||||||||
| Marketing | 4.6 | 4.1 | 13.4% | 4.6 | 0.2% | 17.6 | 10.8 | 63.4% | |||||||||||
| Taxes | 6.1 | (1.3) | N.M. | 1.1 | 479.8% | 22.2 | 20.2 | 10.0% | |||||||||||
| Others | 35.6 | 27.0 | 32.0% | 33.6 | 5.9% | 128.4 | 94.5 | 35.8% | |||||||||||
| TOTAL | 543.4 | 454.2 | 19.6% | 448.8 | 21.1% | 1,897.5 | 1,209.6 | 56.9% | RESPONSE | ||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||
| COST OF SERVICES <br>R$ million | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | ||||||||||
| Net Revenue | 255.6 | 321.9 | 332.6 | 398.1 | 632.3 | 596.3 | 612.1 | 641.1 | 740.5 | ||||||||||
| Personnel | 96.4 | 118.0 | 120.2 | 137.7 | 271.5 | 237.6 | 253.4 | 260.0 | 300.0 | ||||||||||
| Third parties | 27.7 | 46.8 | 49.5 | 45.1 | 69.0 | 88.8 | 92.2 | 102.7 | 123.4 | ||||||||||
| Maintenance | 6.2 | 6.6 | 8.1 | 15.5 | 27.8 | 19.8 | 24.7 | 22.7 | 27.3 | ||||||||||
| Travel | 4.3 | 4.6 | 4.6 | 6.7 | 17.2 | 17.2 | 19.2 | 19.7 | 12.2 | ||||||||||
| Freight | 0.9 | 1.1 | 1.2 | 1.3 | 13.4 | 1.5 | 0.8 | 1.2 | 0.4 | ||||||||||
| Rentals | 7.1 | 9.6 | 9.5 | 3.3 | 8.6 | 10.7 | 11.7 | -21.2 | 0.2 | ||||||||||
| Fuel | 9.0 | 12.2 | 18.7 | 19.8 | 7.5 | 12.6 | 12.8 | 16.1 | 18.0 | ||||||||||
| Materials | 3.5 | 3.3 | 3.5 | 10.4 | 5.2 | 7.9 | 5.2 | 4.6 | 11.5 | ||||||||||
| Telecommunications | 0.7 | 0.7 | 0.6 | 1.0 | 4.2 | 3.7 | 2.9 | 3.7 | 4.1 | ||||||||||
| Marketing | 1.5 | 0.5 | 0.7 | 5.5 | 4.1 | 3.1 | 5.3 | 4.6 | 4.6 | ||||||||||
| Taxes | 3.7 | 9.3 | 6.2 | 5.9 | -1.3 | 10.8 | 4.2 | 1.1 | 6.1 | ||||||||||
| Others | 14.4 | 16.3 | 20.8 | 30.5 | 27.0 | 37.3 | 21.9 | 33.6 | 35.6 | ||||||||||
| Total | 175.3 | 229.0 | 243.6 | 282.8 | 454.2 | 451.0 | 454.1 | 448.8 | 543.4 |
Percentage of Net Revenue
| RESPONSE | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| COST OF SERVICES R$ million | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 |
| Net Revenue | 255.6 | 321.9 | 332.6 | 398.1 | 632.3 | 596.3 | 612.1 | 641.1 | 740.5 |
| Personnel | 37.7% | 36.7% | 36.1% | 34.6% | 42.9% | 39.9% | 41.4% | 40.6% | 40.5% |
| Third parties | 10.9% | 14.5% | 14.9% | 11.3% | 10.9% | 14.9% | 15.1% | 16.0% | 16.7% |
| Maintenance | 2.4% | 2.1% | 2.4% | 3.9% | 4.4% | 3.3% | 4.0% | 3.5% | 3.7% |
| Travel | 1.7% | 1.4% | 1.4% | 1.7% | 2.7% | 2.9% | 3.1% | 3.1% | 1.6% |
| Freight | 0.3% | 0.4% | 0.3% | 0.3% | 2.1% | 0.2% | 0.1% | 0.2% | 0.1% |
| Rentals | 2.8% | 3.0% | 2.9% | 0.8% | 1.4% | 1.8% | 1.9% | -3.3% | 0.0% |
| Fuel | 3.5% | 3.8% | 5.6% | 5.0% | 1.2% | 2.1% | 2.1% | 2.5% | 2.4% |
| Materials | 1.4% | 1.0% | 1.1% | 2.6% | 0.8% | 1.3% | 0.8% | 0.7% | 1.5% |
| Telecommunications | 0.3% | 0.2% | 0.2% | 0.3% | 0.7% | 0.6% | 0.5% | 0.6% | 0.6% |
| Marketing | 0.6% | 0.2% | 0.2% | 1.4% | 0.6% | 0.5% | 0.9% | 0.7% | 0.6% |
| Taxes | 1.4% | 2.9% | 1.9% | 1.5% | -0.2% | 1.8% | 0.7% | 0.2% | 0.8% |
| Others | 5.6% | 5.1% | 6.2% | 7.7% | 4.3% | 6.3% | 3.6% | 5.2% | 4.8% |
| Total | 68.6% | 71.1% | 73.2% | 71.0% | 71.8% | 75.6% | 74.2% | 70.0% | 73.4% |
| Gross Margin | 31.4% | 28.9% | 26.8% | 29.0% | 28.2% | 24.4% | 25.8% | 30.0% | 26.6% |
There were no highlights in the composition of costs in this quarter. The largest cost components – Personnel, Third Parties, Maintenance, Fuel and Travel – represented more than 85% of total costs.
CAPEX RESPONSE
In 4Q23, addition of Fixed Assets was R$78.9 million. In Response, we invested in North America mainly in equipment for fighting silo fires, and in Brazil we acquired equipment to support the expansion of the operation, mainly for aerial services and hydrovacuum trucks.
| Additions to Fixed Assets <br>R$million | 4Q23 | 4Q22 | Chg. <br>4Q23 x4Q22 | 3Q23 | Chg. <br>4Q23 x 3Q23 | 2023 | 2022 | Chg.<br>2023 x 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (+) Response | 78.9 | 72.5 | 8.7% | 75.6 | 4.3% | 265.4 | 233.3 | 13.8% | |||||||
| (+) Brazil | 37.7 | 37.9 | -0.4% | 45.4 | -16.9% | 138.6 | 149.0 | -7.0% | |||||||
| (+) LATAM (ex-Brazil) | 0.4 | 4.0 | -89.4% | 15.8 | -97.3% | 37.1 | 6.7 | 451.4% | |||||||
| (+) Europe | 0.2 | 2.1 | -89.8% | 1.4 | -84.4% | 5.3 | 8.2 | -35.8% | |||||||
| (+) North America | 40.5 | 28.5 | 41.9% | 13.1 | 209.8% | 84.5 | 69.4 | 21.7% | |||||||
| Additions to Fixed Assets <br>R$million | 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | ||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||
| (+) Response | 12.9 | 64.8 | 26.1 | 69.9 | 72.5 | 69.0 | 41.9 | 75.6 | 78.9 | ||||||
| (+) Brazil | 7.1 | 49.9 | 8.9 | 52.3 | 37.9 | 43.8 | 11.6 | 45.4 | 37.7 | ||||||
| (+) LATAM (ex-Brazil) | 2.1 | 0.0 | 1.9 | 0.7 | 4.0 | 1.1 | 19.8 | 15.8 | 0.4 | ||||||
| (+) Europe | 2.8 | 3.2 | 0.5 | 2.4 | 2.1 | 1.8 | 1.8 | 1.4 | 0.2 | ||||||
| (+) North America | 0.9 | 11.8 | 14.7 | 14.4 | 28.5 | 22.2 | 8.7 | 13.1 | 40.5 | 4Q23 | 2023 | ||||
| --- | --- | --- | --- | --- | |||||||||||
| Expansion and Maintenance Capex | Capex<br><br>(R$Million) | % Group Revenue | Capex<br><br>(R$Million) | % Group Revenue | |||||||||||
| Service Expansion | 51.7 | 3.8% | 279.1 | 5.7% | |||||||||||
| RESPONSE | 23.2 | 1.7% | 125.1 | 2.6% | |||||||||||
| Response Brazil | 3.7 | 0.3% | 59.5 | 1.2% | |||||||||||
| Response Latam (Ex. Brazil) | 0.0 | 0.0% | 34.3 | 0.7% | |||||||||||
| Response Europe | 0.0 | 0.0% | 0.3 | 0.0% | |||||||||||
| Response North America | 19.5 | 1.5% | 31.0 | 0.6% | |||||||||||
| Service Maintenance | 112.6 | 8.4% | 320.9 | 6.6% | |||||||||||
| RESPONSE | 55.7 | 4.1% | 140.4 | 2.9% | |||||||||||
| Response Brazil | 34.1 | 2.5% | 79.2 | 1.6% | |||||||||||
| Response Latam (Ex. Brazil) | 0.4 | 0.0% | 2.8 | 0.1% | |||||||||||
| Response Europe | 0.2 | 0.0% | 5.0 | 0.1% | |||||||||||
| Response North America | 21.0 | 1.6% | 53.5 | 1.1% |