Luciano Boselli's questions to IRSA INVESTMENTS & REPRESENTATIONS (IRS) leadership • Q2 2023
Question
Luciano Boselli from Itaú BBA questioned the sustainability of the company's recently achieved $50 million quarterly EBITDA level.
Answer
CFO Matias Gaivironsky stated that while the company's operational budget is aligned with maintaining the $50 million quarterly EBITDA, its sustainability is dependent on the evolution of the foreign exchange rate. He clarified that a significant devaluation would reduce dollar-term EBITDA from malls and offices, though the hotel segment would be less affected due to its dollar-based tariffs.