Helbor Empreendimentos S.A. Reports 3Q13 And 9M13 Earnings

Net Income totals R$212 million in 2013

Nov 13, 2013, 17:22 ET from Helbor Empreendimentos S.A.

MOGI DAS CRUZES, Brazil, Nov. 13, 2013 /PRNewswire/ --


Total Launched Potential Sales Value (PSV) came to R$254.5 million in 3Q13, of which Helbor's share was R$185.5 million, 13.5% down on 3Q12. In 9M13, total launched PSV came to R$943.5 million, while Helbor's share amounted to R$700.1 million, 2.5% up on 9M12.

Total Pre-Sales came to R$280.4 million in 3Q13 and Helbor's share reached R$212.6 million, respective reductions of 12.8% and 10.8% over 3Q12. Year-to-date pre-sales totaled R$703.6 million (Helbor's share), 8.7% down on 9M12.

The Sales over Supply Ratio (SoS), including Helbor's share, stood at 13.0% in the third quarter and 35.6% in the first nine months.

Deliveries totaled R$147.8 million in Total PSV in 3Q13, corresponding to 467 units, while Helbor's share at the time of launch was R$137.9 million. Deliveries In 9M13 came to R$704.0 million in Total PSV, or 2,663 units, of which Helbor's share was R$643.5 million.

Net Operating Revenue fell from R$493.2 million in 3Q12 to R$475.7 million in 3Q13. Year-to-date Net Operating Revenue stood at R$1,308.6 million, 1.2% less than in  9M12.

Gross Profit came to R$165.2 million in 3Q13, 12.6% less down on 3Q12, with a Gross Margin of 34.7% and an Adjusted Gross Margin of 40.6%. In 9M13, gross profit totaled R$455.6 million, 5.0% less than in 9M12, with a gross margin of 34.8%.

Net Income amounted to R$76.4 million in 3Q13 (earnings per share of R$0.2966), with a Net Margin of 16.1%. Year-to-date net income stood at R$211.8 million, 3.7% up on 9M12, with a net margin of 16.2%.

ROE in the last 12 months came to 24.3%, while quarterly annualized ROE stood at 25.1%. As a result, the Company retained its position as a sector benchmark for return on equity for yet another year.

Conference Call
(In Portuguese with simultaneous translation into English)

Date: November 14, 2013
Time:  3:00 p.m. (Brasilia time)
           12:00 p.m. (NY time)
           5:00 p.m. (US EST)

Dial-in: +55 (11) 2188-0155
Code: Helbor
Webcast: Click here 
Replay: +55 (11) 2188-0155
Code: Helbor

Dial-in: +55 (11) 2188 0155
New York: +1 (646) 843 6054
Code: Helbor
Webcast: Click here
+55 (11) 2188-0155
Code: Helbor

Ricardo Garcia
+55 (11) 3174-1211

SOURCE Helbor Empreendimentos S.A.