Randon reports its results for the second quarter of 2015 and first half of 2015

Aug 12, 2015, 17:38 ET from Randon S.A. - Implementos e Participações

CAXIAS DO SUL, Brazil, Aug. 12, 2015 /PRNewswire/ -- Randon S.A – Implementos e Participacoes (BM&FBovespa - RAPT3 and RAPT4), the controlling holding company of eight companies operating within the segments of vehicles and trailers/semi-trailers, auto parts and financial services, reports its results for the second quarter of 2015 (2Q2015), and first half of 2015 (1H2015). 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.

  • 1H15 Total Gross Revenue, before consolidation, is R$ 2.0 billion, a drop of 30.5% as compared with 1H14;
  • 1H15 Consolidated Net Revenue reached R$ 1.4 billion, 27.7% lower than 1H14;
  • 1H15 EBITDA is R$ 98.0 million, 66.3% up from 1H14 and Adjusted EBITDA is R$ 134.4 million in 1H2015;
  • R$ 832 thousand of Consolidated Net Profit in 1H15, with a Net Margin of 0.1%, against R$ 129.6 million in 1H2014.

HIGHLIGHTS

The main highlights of the quarter were:

  • EBITDA had, in 2Q15, a drop of 66.6% compared with 2Q14, reaching R$ 47.0 million, against R$ 140.7 million in the same period last year;
  • Consolidated foreign sales reached US$ 37.9 million in the quarter, a decrease of 22.1% compared with the same quarter in 2014;
  • Consolidated Net Income of R$ 274 thousand in the quarter and net margin of 0.0%, against R$ 67.4 million, or 6.6% of net revenue in 2Q14.

Conference Call Results

AUG 13th 2015, Friday,
12:30 AM. Brasilia
11:30 AM. New York
16:30 PM. London
+55 (11) 2188.0155
Ticker: RANDON

Simultaneous Translation Into English
+ 1 516-3001066 Call from NY
+ 55 11 3127.4971/3728.5971 Call from SP

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

IR Contact:
Hemerson Fernando de Souza
(+55 54) 3239.2505
ri@randon.com.br

Randon S/A Implementos e Participacoes - Relacoes com Investidores
Caxias do Sul – RS
ri@randon.com.br  
(+55 54) 3209.2000

SOURCE Randon S.A. - Implementos e Participações



RELATED LINKS

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