SAO PAULO, Brazil, Nov. 7 /PRNewswire-FirstCall/ -- Ultrapar Participacoes S.A. (BOVESPA: UGPA4 / NYSE: UGP), a company engaged in fuels distribution (Ultragaz/Ipiranga), in the production of chemicals (Oxiteno), as well as in integrated solutions for special bulk cargo (Ultracargo), hereby reports its results for the third quarter of 2007.
The investments we have made, together with a good performance of the Brazilian economy, continued to generate operational growth in Ultrapar businesses in the third quarter of 2007. Consolidated EBITDA totaled R$ 218 million, up 38% compared to the same period in 2006.
-- Volume at Oxiteno increased by 8% compared to 3Q06 and 10% in the first nine months of the year, with particularly strong growth in specialty chemicals volume -- Average volume stored in meters cubed at Ultracargo increased by 18% compared to 3Q06 and 17% in the first nine months of the year -- Ultrapar moves forward to the penultimate stage of the acquisition process of the Ipiranga Group -- Oxiteno strengthens its leadership in the Americas with the opening of a sales office in the United States and an acquisition in Venezuela -- Ultragaz strenghthens its presence in the north and north east of Brazil and expands its products portfolio
"In this quarter we continued to present operational growth in all our businesses, particularly Oxiteno and Ultracargo, strengthening our leadership in the markets in which we operate and in which we aim to continue to expand rapidly. Additionally we have taken another important step in the acquisition of Ipiranga, with the auctions for the tag along tender offers of DPPI and RPI on October 22, the auction for the tag along tender offer of CBPI being set for November 8, thus completing the second phase of this acquisition process." Pedro Wongtschowski - CEO
Results Conference Calls: Local Conference Call Date: November 9, 2007 8 a.m. (U.S. EST) International Conference Call Date: November 9, 2007 10 a.m. (U.S. EST) Contact: Investor Relations Section Roberta de Carvalho Moreira +011-55-11-3177-7014
