Kepler Weber (KEPL3) announced the payment of a new dividend amounting to approximately R$74.87 million, for the fiscal year ending December 2023.
The amount corresponds to R$0.42356737 per common share, and these dividends consist of mandatory minimum dividends of approximately R$27.87 million, or R$0.15767046 per common share, and additional dividends of R$47 million, or R$0.26589691 per share. normal. The distribution was approved at the Ordinary General Assembly.
The dividend will be proportional to the number of Kepler Weber shares owned by investors as of Day 3, the deadline that determines which shareholders are eligible to receive the dividend.
From today on, the shares will be traded ex-dividend, that is, without the right to receive dividends.
The Kepler Weber dividend will be paid in a lump sum on April 15, 2024. No income tax will be withheld on the amount, and no bonus or cash adjustment is expected.
Dividends will be paid to investors according to the current account and bank address reported to Banco Itaú (ITUB4), the financial institution that holds KEPL3 shares.
Kepler Weber (KEPL3)
It is worth noting that in the fourth quarter of 2023, the company reported an adjusted net profit of R$84.5 million, a decrease of 21.2% compared to the same period of the previous year. Earnings before interest, taxes, depreciation and amortization (Ebitda) also decreased by 24.7% to R$117.9 million, while the company's net revenue remained stable at R$505.2 million.
The company highlighted in its results report that despite constraints such as lower commodity costs, lower rural producer incomes and higher interest rates affecting sales and profitability, Kepler Weber was able to maintain a healthy EBITDA margin, which reflects flexibility and a favorable strategic position in 2023. Adjusted EBITDA margin in the quarter was 23.5%, compared to 31.2% in the previous year.
In 2023 as a whole, the company's adjusted net profit decreased by 41.8% compared to 2022, totaling R$224.9 million. Adjusted EBITDA also decreased by 42.5% to R$326.8 million, and Adjusted EBITDA margin decreased from 31.3% to 21.6%. Moreover, net revenues registered a decrease of 16.7%, reaching a total of R$1.512 billion.
In the farm sector, annual net revenues decreased by 25.8%, to R$487 million, due to lower wages for grain producers and adverse weather conditions in important agricultural areas of the country, in addition to lower steel prices. In the agribusiness segment, net revenues in 2023 decreased by 24.6% to R$ 548.3 million, due to the change in sales profiles.
International business segment revenues decreased by 34.8%, reaching R$ 11.3 million, due to the water crisis that affected producers in Paraguay and Uruguay, the company's main foreign markets. However, in the Ports and Terminals segment, revenues grew by 90.7% in 2023, driven by the successful completion of major projects and increased global trade. In the Replacement and Services segment, revenues increased by 27.9% to R$271 million.
