CAXIAS DO SUL, Brazil, Aug. 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 second quarter of 2012 (2Q2012) and first half of 2012 (1H12). 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.
- 1H2012 Total Gross Revenue, before consolidation, is R$ 2.5 billion, 20.2% down compared with 1H2011;
- 1H2012 Consolidated Net Revenue reached R$ 1.6 billion, 21.1% down from that in 1H2011;
- 1H2012 EBITDA was R$ 133.7 million, 57.6% down from 1H2011;
- R$ 14.1 million of Consolidated Net Profit in 1H2012, with a Net Margin of 0.9%.
HIGHLIGHTS
The main highlights of the quarter were:
- EBITDA went down 60.6% in 2Q2012 compared with 2Q2011, reaching R$ 66.8 million;
- Consolidated sales to foreign market reached US$ 71.2 million during the quarter, that is, about the same value as in the first quarter of 2011, with a variation of only 0.1% lower;
- Consolidated Net Loss of R$ 4.7 million in 2Q2012, 105.3% down from 2Q2011
Conference Call on Results
AUGUST 9, 2012, Thursday,
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
