America Latina Logistica Reports 1Q10 Results

CURITIBA, Brazil, May 11 /PRNewswire-FirstCall/ -- America Latina Logistica S.A. – ALL (BM&FBovespa: ALLL11; OTCQX: ALLAY), Latin America's largest independent logistics company, announces its results for the first quarter of 2010 (1Q10).

• ALL Brazil's EBITDA increased 17.7% in 1Q10 to R$295.6 million, mainly driven by higher volumes, yields and margins. In consolidated basis, EBITDA grew 19.0% to R$296.5 million and EBITDA margin rose from 44.9% in 1Q09 to 47.4%. Net Income improved from a loss of R$22.6 million in 1Q09 to a profit of R$17.5 million, reflecting the strong operational performance in Brazil and the reduction in financial expenses during the quarter.

• ALL Brazil's volume grew 6.3% in 1Q10 to 8,250 million RTK, with weak agricultural exports in January and a strong comparison basis posed by 1Q09. The high volumes in February and March reflects a strong beginning of the harvest season in Brazil and the additional capacity added to our system in preparation for 2010.

• Average yield increased 8.8% in Brazil. The yield recovery reflects real price gains in our take-or-pay contracts, higher freight prices in the spot market and an increase in drayage services volumes. Although spot market prices should come back to normal levels throughout the year, the freight prices in our contracts and a favorable comparison base should sustain real yield increases in 2010.  

• In Argentina, we continue to face the same market and political environment of last quarters. In industrial production, we still do not see material changes that could push the country to a real recovery. The positive news is the 2010 grain crop, which starts in April and is estimated to increase more than 40%.

• Our long term projects are going well under schedule, as Rondonopolis project is advancing month by month and Rumo project started to haul its first volumes. Additionally, strategic steps and long term contracts are being developed in the containers, terminal and mining segments with the potential to transform our business.

Full information is available on the ALL's IR website:

www.all-logistica.com/ir  

ALL will be hosting conference calls to discuss 1Q10 Results on May 12, Wednesday, at 10:30 a.m. US EDT (English) and 9:00 a.m. US EDT (Portuguese). See connecting details on the Company's IR Website.

SOURCE America Latina Logistica S.A.