Randon Reports Second Quarter and First Half of 2014 Results

USA - English

• Brazil - Português

CAXIAS DO SUL, Brazil, Aug. 7, 2014 /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 2014 (2Q2014) and first half of 2014 (1H2014), ended June 30,2014. 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.

• 1H14 Total Gross Revenue, before consolidation, is R$ 2.9 billion, , a drop of 9.0% as compared with 1H13;
• 1H14 Consolidated Net Revenue reached R$ 2.0 billion, 2.6% lower than 1H13;
• 1H14 EBITDA is R$ 291.1 million, 7.6% up from 1H13;
• R$ 129.7 million of Consolidated Net Profit in 1H14, with a Net Margin of 6.5%, against R$ 108.6 million in 1H2013.

HIGHLIGHTS

The main highlights of the quarter were:

- EBITDA had, in 2Q14, a drop of 6.8% compared with 2Q13, reaching R$ 140.7 million, against R$ 151.0 million in the same period last year;

- Consolidated foreign sales reached US$ 48.6 million in the quarter, a decrease of 21.8% compared with the same quarter in 2013;

- Consolidated Net Income of R$ 67.4 million in the quarter and net margin of 6.6%, against R$ 68.9 million, or 6.5% of net revenue in 2Q13.

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
[email protected]

SOURCE Randon S.A. - Implementos e Participações