Randon Discloses Its Fourth Quarter Results of 2010 and the Fiscal Year of 2010

Mar 16, 2011, 08:26 ET from Randon S.A. - Implementos e Participacoes

CAXIAS DO SUL, Brazil, March 16, 2011 /PRNewswire/ -- Randon S.A – Implementos e Participacoes (BM&FBovespa RAPT3 and RAPT4), the controlling holding company of nine companies operating within the segments of vehicles and trailers/semi-trailers, auto parts and financial services, reports its results for the fourth quarter of 2010 (4Q2010) and 2010 fiscal period ended Dec 31, 2010. The financial and operating information of the Company, except when otherwise stated, are consolidated in accordance with the international standards of IFRS – International Financial Reporting Standards and the monetary values are denominated in Reais.

  • 2010 Total Gross Revenue, before consolidation, is R$ 5.6 billion, an increase of 51.0% compared with 2009;
  • 2010 Consolidated Net Revenue reached R$ 3.7 billion, a rise of 50.6% as compared to 2009;
  • EBITDA was R$ 541.4 million, 82.0% up from 2009;
  • R$ 249.5 million of Consolidated Net Profit in 2010, with a Net Margin of 6.7%.

HIGHLIGHTS

The main highlights of the quarter were:

  • EBITDA has grown by 59.4% in 4Q2010 compared with 4Q09, reaching R$ 140.1 million;
  • Consolidated sales to foreign market reached US$ 60.1 million during the quarter, an increase of 29.1% compared with the same quarter in 2009;
  • Consolidated Net Income was R$ 78.6 million, 93.0% up from 4Q09.

Conference Call on Results

THURSDAY, MARCH 17TH 2011,

11:30 A.M. Brasilia

10:30 A.M. New York

2:30 P.M. London

+55 (11) 2188-0155

Ticker: RANDON



The Company's presentation and audio webcast will be available at www.randon.com.br/ir

Simultaneous Translation into English

+ 1 646 843 6054 for calls from  NY

+ 55 11 2188.0155 for calls from SP



IR Contact:

Hemerson Fernando de Souza

(+ 55 54) 3209.2505

ri@randon.com.br



SOURCE Randon S.A. - Implementos e Participacoes



RELATED LINKS

http://www.randon.com.br/ir