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Brazil's B3 publishes guidance for 2019, eyes new products

B3 SA - Brasil Bolsa Balcão expects to book adjusted expenses of between 1.03 billion Brazilian reais and 1.08 billion reais in 2019, the company said as it disclosed guidance for next year.

The Brazilian stock exchange operator also foresees depreciation and amortization costs totaling between 950 million reais and 1.00 billion reais in 2019, while revenue-linked expenses are estimated to be in the range of 245 million reais to 265 million reais.

Capital expenditure, meanwhile, is forecast to total between 250 million reais and 280 million reais in 2019.

The company reaffirmed all of its guidance for full year 2018, including its expectation that adjusted expenses will reach between 960 million reais and 1.00 billion reais this year.

B3 said it expects expense synergies from its merger with Cetip SA – Mercados Organizados to reach 110 million reais per year in 2021. Between 2018 and 2020, B3 expects to capture 100 million reais in expense synergies per year.

Separately, B3 CEO Gilson Finkelsztain said the company is looking to launch a series of new products in 2019, when he expects variable income products to post higher trading volumes, Valor Econômico reported.

As of Dec. 17, US$1 was equivalent to 3.89 Brazilian reais.