Fras-le Announces its Results for 2011
CAXIAS DO SUL, Brazil, Feb. 27, 2012 /PRNewswire/ -- Fras-le S.A., listed on the Sao Paulo Stock Exchange (BM&FBovespa) under ticker symbols FRAS3 and FRAS4, a Randon group company that is Latin America's largest and one of the world's leading manufacturers of friction materials, announces its results for 2011. Except where stated otherwise, the operating and financial information is presented on a consolidated basis and the amounts are expressed in Brazilian reais, in accordance with Brazilian Corporate Law. Comparisons are with 2010 and 2009.
KEY 2011 RESULTS
Total gross revenue before consolidation: R$751.2 million, 8.2% up on 2010 and 26.2% more than in 2009;
Consolidated net revenue: R$545.6 million, 7.1% improvement over 2010 and 27.4% growth over 2009;
Net revenue from the domestic market: R$295.7 million, 4.8% increase over 2010 and 20.0% higher than in 2009;
Net revenue from the foreign market: R$249.9 million, 10.0% more than in 2010 and 37.6% up on 2009;
Fras-le Brasil exports (FOB): US$115.4 million, 8.1% higher than in 2010 and 42.5% increase over 2009;
Sales in foreign markets (exports and units abroad): US$151.1 million, 16.6% up on 2010 and 63.9% improvement over 2009;
EBITDA: R$65.8 million, 14.5% down on 2010 and 23.5% more than in 2009;
Consolidated gross profit: R$138.9 million, 8.1% less than in 2010 and an 11.7% increase over 2009;
Consolidated net income: R$44.0 million, 9.0% below 2010 and 9.8% above 2009.
2011 Results Conference Call
Portuguese
February 27, 2012, 2:00 p.m. (Brasilia)
(55 11) 2188 0155
Code: Fras-le
The Company's conference call presentation and webcast are available at:
IR Contact
+ 55 (54) 3289.1517
[email protected]
Daniel Raul Randon
Executive Officer
Anderson Pepato
Manager
Jorge Roberto Gomes
Investor Relations
SOURCE Fras-le S.A.
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