RIO DE JANEIRO, March 19, 2013 /PRNewswire/ -- Wilson Sons Limited ("WSON11") announces its results for the Fourth Quarter ("4Q12") and full year 2012.
The Company's Net Revenues reached USD 645.3M, and EBITDA USD 151.5M for 2012, 7% lower than the previous year. The drop is mainly a result of the end of a temporary Petrobras operation with Brasco, as well as the discontinuation of dedicated operations in the Logistics business.
"We will remember 2012 as the year we concluded important projects which significantly improved capacity. Despite the challenging economic environment with reduced trade flow, the Company celebrated its 175th Anniversary and successfully inaugurated the expansion of Tecon Salvador and the new Guaruja II shipyard facility" said Cezar Baiao, CEO of Operations in Brazil.
Wilson Sons posted record revenues in the Towage, Offshore Vessels and Shipyard businesses, and Net Income for the Company grew by 28%, to USD 48.0M. Cezar Baiao was, however, cautious with the outlook:
"We remain optimistic with the opportunities brought with new capacity, and conscious of the challenges ahead", concluded the CEO.
Wilson Sons' full Q4 and 2012 Earnings Release is available online at: www.wilsonsons.com.br/ri
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About Wilson Sons
Wilson Sons Limited, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics solutions. With a business track record of over 175 years, the Company has developed an extensive national network and provides a comprehensive set of services related to domestic and international trade, as well as to the oil and gas industry. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Shipyards. For more information, please visit our website at www.wilsonsons.com.br/ri
SOURCE Wilson Sons