Mills’ glimmer of hope

Brazil-based Mills Estruturas e Serviços de Engenharia has endured mixed emotions in the second quarter of 2017, with rental revenues of R$42.3 million (€11.53 million) – a 22.2% decrease year-on-year.

However, compared with the first quarter of 2017, the companies rental revenues increased 3.7% from R$40.8 million (€11.12 million), which signals the company’s first sight of growth in over two years.

Group revenues were R$70.6 million (€19.24 million), which represents a year-on-year decrease of 33%, but a quarter-on-quarter increase of 6.8%.

The company’s earnings before interests, taxes, depreciation and amortization (EBITDA) was -R$11.8 million (-€3.22 million) – a year-on-year decrease of 186.7%, and a quarter-on-quarter increase of 27%.