Helbor Empreendimentos S.A. reports 4q13 And 2013 Earnings

Net Income totals R$ 304.1 million in 2013

Mar 19, 2014, 00:07 ET from HELBOR EMPREENDIMENTOS S.A.

MOGI DAS CRUZES, Brazil, March 19, 2014 /PRNewswire/ --


Total Launched Potential Sales Value (PSV) came to R$ 1,028.7 million in 4Q13, of which Helbor's share was R$ 804.6 million, 13.1% higher than 4Q12. In 2013, total launched PSV came to R$ 1,972.2 million, while Helbor's share amounted to R$ 1,504.7 million, 7.9% more than 2012.

Total Pre-Sales came to R$ 541,7 million in 4Q13 and Helbor's share reached R$ 406.7 million, respective increases of 2.0% and 3.0% over 4Q12. In 2013, total pre-sales totaled R$ 1,110.2 million (Helbor's share), down 4.7% from 2012.

The Sales over Supply Ratio (SoS), including Helbor's share, stood at 17.1% in the fourth quarter and 39.9% in 2013.

Deliveries totaled R$ 740.9 million in Total PSV in 4Q13, corresponding to 2,259 units, while Helbor's share at the time of launch was R$ 435.8 million. Deliveries in 2013 came to R$ 1,444.9 million in Total PSV, or 4,922 units, of which Helbor's share was R$ 1,079.3 million.

Net Operating Revenue grew from R$ 448.4 million in 4Q12 to R$ 636.3 million in 4Q13, while annual net operating revenue stood at R$ 1,944.8 million, 9.7% higher than in 2012.

Gross Profit came to R$ 193.6 million in 4Q13, 27.7% up on 4Q12, with a Gross Margin of 30.4% and an Adjusted Gross Margin of 33.8%. In 2013, gross profit totaled R$ 649.2 million, 2.9% higher than in 2012, with a gross margin of 33.4%.

Net Income amounted to R$ 92.3 million in 4Q13, with a Net Margin of 14.5%. In 2013, net income stood at R$ 304.1 million, 11.8% higher than 2012, with a net margin of 15.6%.

ROE in the last 12 months came to 27.0%, while quarterly annualized ROE stood at 30.0%. As a result, the Company retained its position as a sector benchmark for return on equity.

Conference Call
(In Portuguese with simultaneous translation into English)

Date: March 19, 2013
Time: 3:00 p.m. (Brasília time)
           2:00 p.m. (NY time)
           6:00 p.m. (US EST)

Dial-in: +55 (11) 2188-0155
Code: Helbor
Webcast: Click here

Dial-in: +55 (11) 2188 0155
New York: +1 (646) 843 6054
Code: Helbor
Webcast: Click here

Ricardo Garcia
+55 (11) 3174-1211