Randon Reports First Quarter/2015 Results
CAXIAS DO SUL, Brazil, May 13, 2015 /PRNewswire/ -- Randon S.A – Implementos e Participações (BM&FBovespa RAPT3 and RAPT4), the controlling holding company of eight companies operating within the segments of vehicles and trailers/semi-trailers, auto parts and financial services, reports its results for the first quarter of 2015 (1Q2015) ended March 31,2015. 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.
- 1Q2015 Total Gross Revenue, before consolidation, is R$ 994.7 million, a drop of 31.6% as compared with 1Q14;
- 1Q2015 Consolidated Net Revenue reached R$ 696.8 million, 27.9% lower than 1Q14;
- 1Q2015 EBITDA was R$ 51.0 million, 66.1% down from 1Q14;
- R$ 557 thousand of Consolidated Net Profit in 1Q15, with a Net Margin of 0.1%, against R$ 62.2 million in 1Q14.
HIGHLIGHTS
The main highlights of the quarter were:
- Consolidated Net Revenue totaled R$ 696.8 million on 1Q15, 27.9% less than the 1Q14 (R$ 965.9 million).
- EBITDA had, in 1Q15 , a drop of 66.1%, compared with 1Q14, reaching R$ 51.0 million, against R$ 150.4 million in the same period last year;
- Consolidated foreign sales reached US$ 39.7 million in the quarter, a decrease of 25.0%, compared with the same quarter in 2014;
- Consolidated Net Income of R$ 557 thousand in the quarter and net margin of 0.1%, against R$ 62.2 million or 6.4% of net revenue in 1Q14.
Conference Call Results
14 MAY 2015, Friday, 12:30 AM. Brasilia 11:30 AM. New York 04:30 PM. London +55 (11) 3728.5971 or (11) 3127.4971 Ticker: RANDON
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
IR Contact:
Hemerson Fernando de Souza
(+55 54) 3239.2505
[email protected]
SOURCE Randon S.A. - Implementos e Participações
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