ATL Achieves 97,840 Mtnd in Approvals in Q4 2024, Down 16.0% YoY
All business segments experienced a decline, particularly Tourism (-25.3% to 20,531 Mtnd) and Services & Commerce (-6.1% to 48,803 Mtnd). The same applies to Agriculture (-24.1% to 9,713 Mtnd) and Construction (-25.2% to 6,156 Mtnd). It is unclear whether this decline reflects a decrease in demand or a deliberate choice by ATL as part of its risk management policy.
Annual Performance: 425,870 Mtnd in Approvals, Up 11.1% YoY
Over the entire year, approvals totaled 425,870 Mtnd, an 11.1% increase compared to 2023. For enforcement, they progressed by 18.2% to 92,123 Mtnd in the last quarter of the year, and by 14.9% to 381,896 Mtnd for the entire year. All business segments contributed to this performance, except for Agriculture, which recorded a slight decrease of 1.0% to 41,775 Mtnd.
Commitments Up 10.8% to 618,690 Mtnd
Thanks to this pace, commitments increased by 10.8% to total 618,690 Mtnd. Classified claims only evolved by 0.4% to 53,370 Mtnd, representing a 7.9% rate.
Debt and Financial Performance
Resources remained almost stable at 440,175 Mtnd, contributing to the control of net financial expenses and achieving rapid growth in net income, which stood at 55,120 Mtnd (+10.0% YoY).
Outlook: ATL Expected to Achieve a Good Net Result for 2024
All indicators suggest that ATL will achieve a good net result for the 2024 financial year. The first half of the year has already resulted in a net income of 10,188 Mtnd, promising a good dividend payout at least equivalent to last year's, which was 0.300 Tnd per share.
