Fras-le Announces 3Q10 Results and 9 Months of 2010

CAXIAS DO SUL, Brazil, Nov. 4, 2010 /PRNewswire-FirstCall/ -- Fras-le S.A., listed on the Sao Paulo Securities, Commodities and Futures Exchange (BM&FBovespa) under the tickers FRAS3 and FRAS4, the largest manufacturer of friction materials in Latin America and one of the world leaders in this industry, announces its results for the third quarter (3Q10) and first nine months of 2010 (9M10). Except where stated otherwise, operating and financial information is presented on a consolidated basis and in Brazilian reais, in accordance with Brazilian Corporation Law. All comparisons are with the third quarter (3Q09) and first nine months of 2009 (9M09).

- Total gross revenue before consolidation: R$ 515.4 million, 19.1% up on 9M09 and 11.4% more than 9M08;

- Consolidated net revenue: R$ 376.7 million, 21.2% higher than 9M09 and a 13.8% improvement over 9M08;

- Net revenue from the domestic market: R$ 210.0 million, growth of 19.7% over 9M09 and 2.6% up on 9M08;

- Net revenue from the international market: R$ 166.7 million, 22.9% more than 9M09 and  increase of 31.9% over 9M08;

- Fras-le Brasil exports (FOB): US$ 78.4 million, 34.9% higher than 9M09 and 22.5% more than 9M08;

- Revenue from abroad (exports plus overseas units): US$ 94.2 million, 43.6% up on 9M09 and 24.4% improvement over 9M08;

- EBITDA: R$ 61.1 million, an increase of 68.8% over 9M09 and 23.4% higher than 9M08;

- Consolidated gross income: R$ 121.4 million, growth of 31.0% over 9M09 and 26.9% more than 9M08;

- Consolidated net income: R$ 39.3 million, 42.4% up on 9M09 and 136.7% higher than 9M08.

The Company's conference call presentation and webcast are available at:

www.fras-le.com/ri

SOURCE Fras-le

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