RIO DE JANEIRO, Brazil, May 16 /PRNewswire-FirstCall/ -- Ideiasnet S.A. (Bovespa: IDNT3), the long-term IT investment vehicle in Brazil, announces its results for the first quarter (1Q07) of 2007. The Company's purpose is to invest in specific IT segments, add value to these companies, and sell its interests at the most opportune moment for its shareholders. At the end of 1Q07, Ideiasnet retained holdings in 18 companies in the E-commerce, Wireless, Infrastructure and Media & Entertainment segments.
Conference Call
May 17, 2007
10:00 a.m. Portuguese
Phone: +55 11 4688-6301
Code: Ideiasnet
3:00 p.m. English
Phone: +1 (973) 935-8893
Code: 8800121
Webcast http://www.ideiasnet.com.br/
HIGHLIGHTS
-- Proportional Combined Gross Revenue reached R$ 112.0 million in
1Q07, representing an impressive growth of 39.6% compared to 1Q06.
Considering Full Combined Gross Revenue there would be a 43% upturn,
amounting to R$ 258.7 million.
-- IdeiasVentures' portfolio gross revenue increased 94.5% over the amount
registered in 1Q06.
-- EBITDA presented an impressive growth in the quarter, reaching
R$ 4.2 million, a 184.5% increase compared to the same period of the
previous year, reaching an EBITDA Margin of 4.5%.
-- The Company presented an outstanding Full Combined Net Income at
R$ 7.7 million. Proportional results totaled R$ 1.9 million in the
quarter, an impressive 353% increase compared to the
R$ 424,800 registered in 1Q06.
-- It is worth pointing out Padtec's performance, the Brazilian leader in
equipment and solutions for optical communication systems, whose gross
revenue came to R$27.7 million, was up 56.6% compared to the
R$ 17.7 million sold in the same quarter of the previous year.
