Helbor Empreendimentos S.A. Announces 2Q12 and 1H12 Results NET INCOME OF R$122.5 MILLION IN 1H12, UP 12.5% FROM 1H11

MOGI DAS CRUZES, Brazil, Aug. 14, 2012 /PRNewswire/ --

Highlights

Total Potential Sales Value (PSV) Launched in 2Q12 of R$452.0 million, or R$305.8 million considering Helbor's interest, which represents a decrease of 41.2% from 2Q11 and an increase of 87.7% from 1Q12. In the first six months of 2012, total PSV Launched considering Helbor's interest was R$468.7 million, down 16.5% from 1H11.

Total Pre-Sales in 2Q12 of R$406.3 million, with Helbor's interest R$300.4 million, decreasing 16.2% from 2Q11 and increasing 29.8% from 1Q12. In 1H12, Total Pre-Sales were R$683.4 million with Helbor's interest R$531.8 million, increasing 4.4% compared to 1H11. The Sales over Supply Ratio (SoS) considering Helbor's interest was 27.4% in 2Q12 and 40.1% in the six-month period.

Net Operating Revenue grew by 14.6%, from R$316.9 million in 2Q11 to R$363.2 million in 2Q12. In 1H12, Net Operating Revenue increased 24.5% to R$674.0 million.

Gross Profit was R$114.7 million in 2Q12, up 9.8% from 2Q11, with Gross Margin of 31.6% (Adjusted Gross Margin of 36.7%). In 1H12, Gross Profit was R$218.3 million (up 28.9% from 1H11), with Gross Margin of 32.4%, or 110 bps higher than in 1H11.

EBITDA was R$83.4 million in 2Q12, stable in relation to 2Q11 and 25.8% than in 1Q12, with EBITDA Margin of 23.0% (Adjusted EBITDA Margin of 28.1%). In 1H12, EBITDA grew by 17.0% to R$149.7 million, with EBITDA Margin of 22.2% (Adjusted EBITDA Margin of 28.0%).

Net Income was R$70.7 million (earnings per share of R$0.3619), increasing 4.7% from 2Q11, with Net Margin of 19.5%. In 1H12, Net Income was R$122.5 million, increasing 12.5% from 1H11, with Net Margin of 18.2%.

In 2Q12, there was no cash generation or cash burn, i.e. net debt remained virtually stable considering the effects from the payment of dividends.

RESULTS CONFERENCE CALL

(In Portuguese with simultaneous translation into English)

Date: August 15, 2012
Time: 3:00 p.m. (Brasilia time)
2:00 p.m. (US-EST)

Portuguese
Tel: +55 (11) 3127-4971
Access code: Helbor
Webcast: click here

Replay: +55 (11) 3127-4999
Access code: 99191331

English
Tel: +1 (516) 300-1066
Access code: Helbor
Webcast: click here

Replay: +55 (11) 3127-4999
Access code: 14542175

Contacts
Ricardo Garcia
ri@helbor.com.br
(11) 3174-1211
http://ri.helbor.com.br/

SOURCE Helbor Empreendimentos S.A.



RELATED LINKS
http://ri.helbor.com.br

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