CAXIAS DO SUL, Brazil, May 8, 2012 /PRNewswire/ -- Randon S.A - Implementos e Participacoes (BM&FBovespa RAPT3 and RAPT4), the controlling holding company of ten companies operating within the segments of vehicles and trailers/semi-trailers, auto parts and financial services, reports its results for the first quarter of 2012 (1Q2012) March 31, 2012. The financial and operating information of the Company, except when otherwise stated, are consolidated in accordance with the international standards of IFRS - International Financial Reporting Standards and the monetary values are denominated in Reais.
- 1Q2012 Total Gross Revenue, before consolidation, is R$ 1.1 billion, an decrease of 22.4% compared with 1Q2011;
- 1Q2012 Consolidated Net Revenue reached R$ 734.7 million, down 23.0% from 1Q2011;
- 1Q2012 EBITDA was R$ 66.9 million, 54.1% down from 1Q2011;
- R$ 18.8 million of Consolidated Net Profit in 1Q2012, with a Net Margin of 2.6%.
HIGHLIGHTS
The main highlights of the quarter were:
- EBITDA went down 54.1% in 1Q2012 compared with 1Q2011, reaching R$ 66.9 million;
- Consolidated sales to foreign market reached US$ 54.4 million during the quarter, a decrease of 7.8% compared with the same quarter in 2011;
- Consolidated Net Income was R$ 18.8 million in the quarter, 71.9% down from 1Q2011.
Conference Call on Results
MAY 9, 2012, Wednesday,
11:30 AM Brasilia
10:30 AM New York
3:30 PM London
+55 (11) 3127.4971
Ticker: RANDON
The Company's presentation and audio webcast will be available at www.randon.com.br/ir
Simultaneous Translation to English
+ 1 516-3001066 Calling from NY
+ 55 11 3127.4971 Calling from SP
IR Contact:
Hemerson Fernando de Souza
(+ 55 54) 3209.2505
ri@randon.com.br
SOURCE Randon S.A. - Implementos e Participacoes
