Randon Reports its Results for The Third Quarter of 2011 and Nine First Months of 2011

CAXIAS DO SUL, Brazil, Nov. 8, 2011 /PRNewswire/ -- Randon S.A – Implementos e Participacoes (BM&FBovespa RAPT3 and RAPT4), the controlling holding of nine companies operating within the segments of vehicles and trailers/semi-trailers, auto parts and financial services, reports its results for the third quarter of 2011 (3Q2011) and the nine first months of the year (9M2011) ended as of September 30, 2011. 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.

• 9M2011 Total Gross Revenue, before consolidation, was R$ 4.8 billion, an increase of 17.0% compared with 9M2010;
• 9M2011 Consolidated Net Revenue reached R$ 3.1 billion, a rise of 16.3% compared with 9M2010;
• 9M2011 EBITDA was R$ 451.7 million, 11.9% up from 9M2010;
• R$ 218.9 million of Consolidated Net Profit in 9M2011, with a Net Margin of 7.0%.

HIGHLIGHTS

The main highlights of the quarter were:

• EBITDA has declined, in this 3rd quarter of 2011, 7.7% compared with 3Q2010, reaching R$ 136.0 million;
• Consolidated foreign sales reached US$ 75.6 million in the quarter, an increase of 13.8% compared with the same quarter in 2010;  
• Consolidated Net Profit of R$ 62.9 million, 5.1% lower than 3Q2010.

Conference Call on Results
NOVEMBER 09, 2011, WEDNESDAY,
11:00 am. Brasilia
08:00 am. New York
1:00 pm. London
1-516-3001066
Ticker: RANDON

The Company's presentation and audio webcast will be available at www.randon.com.br/ir

IR Contact:
Hemerson Fernando de Souza
(+ 55 54) 3209.2505
[email protected]

SOURCE Randon S.A.- Implementos e Participacoes