CAXIAS DO SUL, Brazil, Aug. 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 second quarter of 2013 (2Q13). 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 first quarter of 2013 (1Q13) and the second quarter of 2012 (2Q12).
KEY 2Q13 RESULTS
Total gross revenue before consolidation: R$ 242.1 million, 7.0% higher on 1Q13 and 4.4% more than in 2Q12;
Consolidated net revenue: R$ 177.4 million, 5.9% higher on 1Q13 and 4.2% higher than in 2Q12;
Net revenue from the domestic market: R$ 95.6 million, 3.3% less than 1Q13 and 4.9% up on 2Q12;
Net revenue from the export market: R$ 81.8 million, 19.2% higher on 1Q13 and 3.5% increase over 2Q12;
Fras-le Brazil Exports (FOB): US$ 24.0 million, 10.5% higher on 1Q13 and 14.5% less than 2Q12;
Sales in foreign markets (exports and units abroad): US$ 39.4 million, 17.1% higher on 1Q13 and 5.5% less than 2Q12;
EBITDA: R$ 30.1 million, 39.2% higher on 1Q13 and 11.7% more than in 2Q12;
Consolidated gross profit: R$ 47.8 million, 13.4% improvement over 1Q13 and 5.8% less than 2Q12;
Consolidated net income: R$ 12.5 million, 96.2% increase over 1Q13 and 84.8% higher than in 2Q12.
2Q13 Results Conference Call
Portuguese
August 8, 2013, 10:00 a.m. (Brasilia)
(55 11) 2188 0155
Code: Fras-le
The Company's conference call presentation and webcast are available at:
www.fras-le.com
IR Contact
+ 55 (54) 3289.1517
ri@fras-le.com
Daniel Raul Randon
Executive Officer
Anderson Pepato
Manager
Vinicius Bossardi Borges / Jorge Roberto Gomes
IR Team
SOURCE Fras-le S.A.
