B3 SA - Brasil Bolsa Balcão on Dec. 13 released its cost guidance for 2020, with adjusted expenses expected to hit between 1.13 billion reais and 1.18 billion reais next year.
The Brazilian stock exchange operator forecasts depreciation and amortization 1.03 billion reais and 1.08 billion reais, while revenue-linked expenses should come in at between 105 million reais and 125 million reais.
The company also sees its capital expenditures reaching between 300 million reais and 330 million reais in the coming year.
B3 also reaffirmed its 2019 guidance, which includes adjusted expenses of 1.06 billion reais to 1.11 billion reais.
As of Dec. 12, US$1 was equivalent to 4.10 Brazilian reais.