BOLSY - B3 SA Brasil Bolsa Balcao (BOLSY) Q4 2023 Earnings Call Transcript
2024-02-23 13:22:15 ET
B3 SA Brasil Bolsa Balcao (BOLSY)
Q4 2023 Earnings Conference Call
February 23, 2024, 08:00 ET
Company Participants
Andre Milanez - Executive Director of Finance, Administrative & IR
Fernando Campos - IR Associate Director
Djalma Rezende - T. Rowe Price Associates
Conference Call Participants
Silvio Doria - Safra
Kaio Prato - UBS
Pedro Leduc - Itaú
Carlos Lopez - HSBC
Yuri Fernandes - JPMorgan Chase & Co.
Ian White - Bernstein Autonomous
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the audio conference call of B3's Earnings Results for the Fourth Quarter of 2023. [Operator Instructions]. After the company's remarks are completed, there will be a Q&A session when further instructions will be given. As a reminder, this conference is being recorded and broadcasted live via webcast. The replay will be available after the event is concluded. I would now like to turn the conference over to Andre Milanez, B3's CFO, who will begin the conference and be joined by Fernando Campos, Investor Relations' Associate Director. Please, Andre, you may proceed.
Andre Milanez
Thank you. Good morning, and thank you, everyone, for joining our fourth quarter results. I'll start with a few remarks and then going to hand over to Fernando to go into a little bit more detail about the figures for the quarter. We will try to be brief so we can leave more room open for Q&A. We had an environment during the fourth quarter marked by uncertainty, especially around the level of interest rates in the major global economies, particularly when the interest rate cuts would begin in Brazil, although we have seen that process of rate cuts already starting the level of interest rate remained still at high levels, which I guess prevented a more meaningful recovery, particularly on the equities market. So as I said, a challenging quarter for the Listed segment, which was offset by a good performance of our other segments.
Here, some highlights for the revenue coming from the OTC and fixed income business, which was, I guess, favored by that environment of interest rates the revenues that we had during the quarter coming from the Desenrola program. The performance on the Infrastructure for Financing Unit and the consolidation of Neurotech, which also helped in the comparison to the fourth quarter of '22 and impacted our Data segment. ...
B3 SA Brasil Bolsa Balcao (BOLSY) Q4 2023 Earnings Call Transcript