The Ipiranga gas station network, part of the Ultra group, is seeing sales volume growth in the fourth quarter, supported by the effects of the Carbono Oculto operation launched at the end of August, but despite this, profit margin is still recovering more slowly, the company’s president said on Thursday.
“We have a very positive scenario… Trading volume is reacting quickly, especially in Rio and São Paulo,” Leonardo Linden said during Ultra’s conference call on third-quarter results, which was released the night before.
“Margin, in terms of volume, is recovering more slowly, especially on highway and B2B,” the executive said. According to him, this behavior is “normal” because these markets are more resistant to price movements in the face of longer-term contracts.
Carbono Oculto, which includes a series of government agencies, has closed a series of informal gas station networks across the country and implemented a financing plan for this informal trade.
Last week, at least 49 gas stations were closed in three states: Piaui, Maranhão and Tocantins as part of Carbono Okulto, according to the Brazilian News Agency.
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