4Q19 Earnings Release

São Paulo, March 17th, 2020- Alliar - Centro de Imagem Diagnósticos S.A. hereby announces its 4Q19 results.


  • Net Income (Shareholders) totaled R$41.3 million in the year (or R$48.1 million Pro-forma, up by 19.9%). In the quarter, Net Income reached R$7.4 million (or R$9.0 million Pro-forma).
  • Adjusted EBITDA reached R$291.8 million in 2019 (+16.3%), with a 27.2% margin (22.7% Pro-forma margin; -62 bps). In the quarter, up by +77 bps in the Adjusted EBITDA Margin, reaching 25.9% in 4Q19, with Adjusted EBITDA totaling R$67.7 million (or R$55.4 million Pro-forma)
  • Net revenue1 of R$1,071.5 million (-0.4%) in the year and R$261.8 million in the quarter, up by +1.2%. In the quarter, same-store-sales (SSS) grew +4.3%, and total revenue is partially affected by the units closed (mainly the sale of Hospital São Rafael’s operations)
  • Operating Cash Generation of R$219.0 million in 2019 with a 75.1% cash conversion. Free Cash Flow grew by 36.2%, totaling R$142.3 million, demonstrating Alliar’s cash-generating capacity and benefited by the IFRS effect (Pro-forma free cash flow of R$93.7 million)
  • Sami Foguel takes over as Alliar’s new CEO, to bring a new growth cycle to the Company. Fernando Terni migrates to the Board
  • ROIC (without goodwill) reached 13.4%, up by 66 bps vs. 4Q18, reflecting the continued investment maturation strategy
  • Net Promoter Score (NPS) reached 66.5% in 2019, up by 70 bps over the previous year, reflecting the continued improvement in real-time management of patient flow at Alliar’s units

(1) Excludes "construction revenue"

Click here to access the Earnings Release.

Conference Call in Portuguese

March 18th, 2020
12:30 p.m. (Local time)
11:30 a.m. (NY time)
Phone: +55 (11) 2188-0155
Code: Alliar
Webcast: click here

IR Contact

Frederico de Aguiar Oldani