CAXIAS DO SUL, Brazil, May 10 /PRNewswire-FirstCall/ -- Randon S.A. - Implementos e Participacoes (BM&FBovespa: RAPT3; RAPT4), the controlling holding company of eight companies operating within the segments of vehicles and trailers/semi-trailers, as well as auto parts and services, reports its results for first quarter of 2010 (1Q2010). The financial and operating information of the Company, except when otherwise stated, are consolidated and the monetary values are denominated in Reais.
-- 1Q2010 Total Gross Revenue, before consolidation, is R$ 1.18 billion, an increase of 44.4% compared with 1Q09; -- 1Q2010 Consolidated Net Revenue reached R$ 782.7 million, a rise of 45.7% as compared to 1Q09; -- 1Q2010 EBITDA was R$ 115.0 million, 75.5% up from 1Q2009; -- R$ 40.4 million of Consolidated Net Profit in 1Q2010, with a Net Margin of 5.2%; HIGHLIGHTS The main highlights of the quarter were:
- EBITDA has grown by 75.5% in 1Q2010 compared with 1Q09, reaching R$ 115.0 million;
- Consolidated sales to foreign market reached US$ 49.6 million, an increase of 42.0% compared with 1Q09;
- Consolidated Net Income was R$ 40.4 million, 50.8% up from 1Q09. Apimec Sul Meeting Tuesday, May 11, 2010, 08:30 a.m. Deville Hotel Av. dos Estados, 1.909 Porto Alegre - RS Conference Call on Results Tuesday, May 11, 2010 11:30 a.m. Brasilia 10:30 a.m. New York 2:30 p.m. London +55 (11) 4688-6361 Ticker: RANDON
The Company's presentation and audio webcast will be available at http://www.randon.com.br/ir
Simultaneous Translation into English + 1 888-700-0802 - for calls from NY + 1 786-924-6977 - for calls from other countries +55 11 4688.6361 - for calls from SP IR Contact: Hemerson Fernando de Souza (+ 55 54) 3209.2505 ri@randon.com.br
Randon S.A. - Implementos e Participacoes
CONTACT: Hemerson Fernando de Souza, +55-54-3209-2505 ri@randon.com.br
Web Site: http://www.randon.com.br/ir
