Randon Reports its 4Q2014 and 2014 Fiscal Period Results
CAXIAS DO SUL, Brazil, March 12, 2015 /PRNewswire/ -- Randon S.A – Implementos e Participacoes (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 fourth quarter of 2014 (4Q2014) and for the 2014 fiscal period ended Dec 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.
- 2014 Total Gross Revenue, before consolidation, was R$ 5.5 billion, a decrease of 17.6% as compared with 2013;
- 2014 Consolidated Net Revenue reached R$ 3.8 billion, 11.2% lower than 2013;
- 2014 EBITDA was R$ 490.5 million, 13.0% down from 2013;
- Consolidated Net Income of R$ 202.0 million in 2014, with a Net Margin of 5.3%, as compared with R$ 235.1 million 2013.
HIGHLIGHTS
The main highlights of the quarter were:
- Consolidated Net Revenue totaled R$ 911.5 million on 4Q14, 16.0% less than the 4Q13 (R$ 1.1 billion).
- EBITDA had, in 4Q14 , a drop of 11.6%, compared with 4Q13, reaching R$ 103.4 million, against R$ 117.0 million in the same period last year;
- Consolidated foreign sales reached US$ 40.0 million in the quarter, a decrease of 33.4%, compared with the same quarter in 2013;
- Consolidated Net Income of R$ 39.6 million in the quarter and net margin of 4.3%, against R$ 47.8 million or 4.4% of net revenue in 4Q13.
Conference Call Results
13 MAR 2015, Friday, 11:30 AM. Brasilia 10:30 AM. New York 2:30 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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