RIO DE JANEIRO, Brazil, Nov. 13 /PRNewswire-FirstCall/ -- Wilson Sons Limited ("Wilson, Sons" or "the Company"), announces its results for the Third Quarter of 2009 and for the nine-month period ending on September 30, 2009.
Highlights
As Brazil's domestic economy continued to move towards recovery, Wilson, Sons' consolidated results improved in Q3 2009, impacted by moderate business volume recovery and positive growth in its key figures.
For the first time, consolidated EBITDA results for the first nine months of the year exceeded the USD 100 million level. Overall, solid performance in the offshore business, volume growth at port terminals, higher participation of special operations in towage revenues, logistics' strategy towards more value-added projects and cost savings, revenue growth at Brasco.
Costs and Expenses declined in the period, mostly from lower raw material costs, given a decrease in fuel and operating material costs; and a decline in other operating expenses, mostly from lower freight volumes.
Capex almost doubled, especially from ongoing investments in fleet expansion/renewal, as well as new equipment for a start-up operation in the logistics business.
Wilson, Sons' Q3 & YTD 2009 Earnings Release is available online at: http://www.wilsonsons.com/ir
Felipe Gutterres CFO of the Brazilian subsidiary, Legal Representative & Investor Relations Sandra Calcado Investor Relations Manager ri@wilsonsons.com.br Telephone: +55 (21) 2126-4263
Company Description: Wilson, Sons, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics and supply chain solutions. With a business track record of over 170 years, the Company has developed an extensive national network and provides a comprehensive set of services related to domestic and international trade, as well as to the oil and gas industry. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Non-Segmented Activities.
Wilson Sons Limited
CONTACT: Sandra Calcado, Investor Relations Manager, Wilson Sons Limited,
+011-55-21-2126-4263, ri@wilsonsons.com.br
Web site: http://www.wilsonsons.com/ir
