CAXIAS DO SUL, Brazil, May 7, 2013 /PRNewswire/ -- Fras-le S.A., listed on the Sao Paulo Stock Exchange (BM&FBovespa) under ticker symbols FRAS3 and FRAS4, a Randon group company that is Latin America's largest and one of the world's leading manufacturers of friction materials, announces its results for the first quarter of 2013 (1Q13). Except where stated otherwise, the operating and financial information is presented on a consolidated basis and the amounts are expressed in Brazilian reais, in accordance with the International Financial Reporting Standards (IFRS) Issued by the International Accounting Standards Board (IASB) and the accounting practices adopted in Brazil. Comparisons are with the fourth quarter of 2012 (4Q12) and the first quarter of 2012 (1Q12).
KEY 1Q13 RESULTS
Total gross revenue before consolidation: R$ 226.2 million, 2.7% down on 4Q12 and 8.1% more than in 1Q12;
Consolidated net revenue: R$ 167.5 million, 2.0% below 4Q12 and 10.6% higher than in 1Q12;
Net revenue from the domestic market: R$ 98.9 million, 9.3% improvement over 4Q12 and 14.1% up on 1Q12;
Net revenue from the export market: R$ 68.6 million, 14.7% less than 4Q12 and 5.9% increase over 1Q12;
Fras-le Brazil Exports (FOB): US$ 21.7 million, 2.4% down on 4Q12 and 16.3% below 1Q12;
Sales in foreign markets (exports and units abroad): US$ 33.6 million, 14.1% less than 4Q12 and -8.1% down on 1Q12;
EBITDA: R$ 21.6 million, 19.1% increase over 4Q12 and 35.9% more than in 1Q12;
Consolidated gross profit: R$ 42.2 million, 0.8% improvement over 4Q12 and 17.2% up on 1Q12;
Consolidated net income: R$ 6.4 million, 37.8% increase over 4Q12 and 34.9% higher than in 1Q12.
1Q13 Results Conference Call
May 8, 2013, 10:00 a.m. (Brasilia)
(55 11) 2188 0155
The Company's conference call presentation and webcast are available at:
+ 55 (54) 3289.1517
Daniel Raul Randon
Vinicius Bossardi Borges / Jorge Roberto Gomes
SOURCE Fras-le S.A.