Aeris Industria E Comercio De Equipamentos Para Geracao Deenergia S.a.BMFBOVESPA: AERI3

Aeris Indústria e Comércio de Equipamentos para Geração de Energia: Revenue and margins declined sharply amid market contraction, despite strong services growth

· Issued by Aeris Industria E Comercio De Equipamentos Para Geracao Deenergia S.A.

Net revenue fell 13% sequentially and 44% year-over-year, with a net loss of R$56.7 million and EBITDA margin dropping to 7.5%. Services segment grew 37.8% year-over-year, but the wind energy market slowdown and higher financial expenses pressured results.

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