SAO PAULO, May 11, 2016 /PRNewswire/ -- Ultrapar Participacoes S.A. (BM&FBOVESPA: UGPA3 / NYSE: UGP), a multi-business company engaged in specialized distribution and retail (Ipiranga / Ultragaz / Extrafarma), specialty chemicals (Oxiteno) and storage for liquid bulk (Ultracargo), hereby reports its results for the first quarter of 2016.
Main highlights in 1Q16:
- ULTRAPAR'S NET REVENUES TOTAL R$ 20 BILLION IN 1Q16, 12% GROWTH OVER 1Q15.
- ULTRAPAR'S EBITDA REACHES R$ 1.1 BILLION IN 1Q16, 7% GROWTH OVER 1Q15.
- ULTRAPAR'S NET EARNINGS REACH R$ 388 MILLION IN 1Q16, STABLE COMPARED TO 1Q15.
- INVESTMENT PLAN TOTALED R$ 292 MILLION IN 1Q16.
"Despite the continuity of the challenging macroeconomic scenario, our focus in resilient businesses, our multi-business strategy and our teams' planning and execution capability were key for one more quarter of superior results. As such, we have been able to maintain a consistent growth trajectory in Brazil's current situation. It requires clear objectives, sense of opportunity and accountability in our decisions. However, the challenges in the economic and political horizon do not curb our confidence to continue investing and strengthening our businesses in 2016."
Thilo Mannhardt – CEO
Results conference call
Brazilian conference call
May 12, 2016
10:00 a.m. (US EST)
Telephone for connection: +55 11 2188 0155
International conference call
May 12, 2016
11:30 p.m. (US EST)
Participants in Brazil: 0800 891 0015
Participants in the USA: +1 844 836 8738
International participants: +1 412 317 5430
Ultrapar Participacoes S.A.
UGPA3 = R$ 69.79/share (03/31/16)
UGP = US$ 19.28/ADR (03/31/16)
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SOURCE Ultrapar Participacoes S.A.