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SOURCE Randon S.A. - Implementos e Participações
CAXIAS DO SUL, Brazil, May 8, 2014 /PRNewswire/ -- Randon S.A. – Implementos e Participacoes (BM&FBovespa - RAPT3 and RAPT4), the controlling holding company of nine companies operating within the segments of vehicles and trailers/semi-trailers, auto parts and financial services, reports its results for the first quarter of 2014 (1Q2014), ended March 31, 2014. 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.
- 1Q2014 Total Gross Revenue, before consolidation, is R$ 1.5 billion, a drop of 4.2% as compared with 1Q13;
- 1Q2014 Consolidated Net Revenue reached R$ 965.9 million, 0.9% lower than 1Q13;
- 1Q2014 EBITDA is R$ 150.4 million, 25.8% up from 1Q13;
- R$ 62.2 million of Consolidated Net Profit in 1Q14, with a Net Margin of 6.4 against R$ 39.7 million in 1Q2013.
The main highlights of the quarter were:
- EBITDA showed, in 1Q13, an increase of 25.8% compared with 1Q2013, reaching R$ 150.4 million, against R$ 119.5 million in the same period last year;
- Consolidated foreign sales reached US$ 53.0 million in the quarter, a decrease of 4.2% compared with the same quarter in 2013;
- Consolidated Net Income of R$ 62.2 million in the quarter and net margin of 6.4%, against R$ 39.7 million, or 4.1% of net revenue in 1Q13.
Conference Call on Results
MAY 09 2014, Friday,
11:30 AM. Brasilia
10:30 AM. New York
15:30 PM. London
+55 (11) 3728.5971 ou (11) 3127.4971
Simultaneous Translation Into English
+ 1 516-3001066 Call from NY
+ 55 11 3127.4971/3728.5971 Call from SP
The Company's presentation and audio webcast will be available at www.randon.com.br/ir
Hemerson Fernando de Souza
(+ 55 54) 3239.2505
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