PR Newswire: news distribution, targeting and monitoring

See more news releases in: Transportation, Trucking & Railroad, Earnings

 

TEGMA Announces Growth of 15.9% in Net Revenue and 44.3% in Net Income in 2009

 

SAO BERNARDO DO CAMPO, Brazil, March 19 /PRNewswire/ -- Tegma Gestao Logistica S.A., one of the largest logistics management providers in Brazil and leader in the transportation of brand new vehicles for the automobile industry, presents its consolidated results for the fourth quarter of 2009 (4Q09) and the full year of  2009. Tegma is an integrated logistics provider that operates in the transportation, storage, inventory control and management, as well as development of logistics solutions in diverse sectors of the economy, offering a wide portfolio of services. It currently has 58 branches in Brazil, 2,894 direct employees, 3,807 units of own and third-party equipment and 1,571,000 m2 of total yard area.

Financial and Operational Highlights:

Consolidated net revenue totaled R$309.0 million in 4Q09, up by 36.1% on 4Q08, and R$1,134.3 million in 2009, up 15.9% on 2008.

EBITDA grew by 98.2% in 4Q09, totaling R$45.7 million. In 2009, EBITDA amounted to R$ 162.5 million, 31.8% up year-on-year.

Net income amounted to R$21.5 million in 4Q09, up by R$15.4 million (or 257.1%) versus 4Q08. In 2009, net income totaled R$76.5 million in the period, representing a 44.3% growth over the previous year.

SOURCE Tegma Gestao Logistica S.A.

Back to top

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

Featured Video

 
  • Print
  • Email
  •   RSS
  • Share it 
  • Blog it 
  • Blog Search 

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Free Investing Newsletter from Investor Uprising!

Learn to navigate the world's financial system and profit from leading companies.  


Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All The Glitters: The Ultimate Gold Report".

Advanced Search
Search
  
  1. Products & Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire