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Lucas Barbosa

Lucas Barbosa

Senior Equity Analyst at Banco Santander, S.A.

Magé, RJ, BR

Lucas Barbosa is a Senior Equity Analyst at Santander, with specialized coverage of major Brazilian industrial and services companies such as Grupo GPS and Iochpe-Maxion. Renowned for producing actionable equity research, he has provided outperform recommendations and price targets like R$22.00 for Iochpe-Maxion, consistently aiding institutional investors with sector insights. Barbosa's career at Santander has focused on in-depth company analysis and primary sector coverage, with prior experience in the Brazilian financial markets. He is recognized for his professional rigor and regularly participates in sell-side analyst calls, holding key securities market certifications required for equity research in Brazil.

Lucas Barbosa's questions to ERJ leadership

Question · Q2 2024

Lucas Barbosa requested more details on the one-time items that positively impacted the EBIT margin by approximately 250 basis points in the second quarter, asking about the nature of these items.

Answer

President and CEO Francisco Gomes Neto clarified that while there were a few items, the most significant factor was the recognition of tax credits, which accounted for the majority of the 250 basis point benefit to the EBIT margin.

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