Randon (RAPT4 and RAPT3) Reports its 2009 Fourth Quarter Results
CAXIAS DO SUL, Brazil, March 4 /PRNewswire-FirstCall/ -- Randon S.A. - Implementos e Participacoes (Bovespa: RAPT3 and RAPT4), the controlling holding of eight companies operating within the segments of road equipment (trailers/ semi-trailers), railroad (wagons) and specialty vehicles, as well as auto parts, automotive systems and services, reports its results for the fourth quarter of 2009 (4Q09) and accumulated results for the full year ended December 31, 2009. The financial and operating information of the Company, except when otherwise stated, are consolidated and the monetary values are denominated in Reais.
-- 2009 Total Gross Revenue, before consolidation, is R$ 3.7 billion, a decrease of 18.6% as compared to 2008;
-- 2009 Consolidated Net Revenue reached R$ 2.5 billion, a decrease of 19.3% as compared to 2008;
-- 2009 EBITDA was R$ 300.8 million, 42.2% down from 2008;
-- R$ 138.9 million of Consolidated Net Profit in 2009, with a Net Margin of 5.6%.
HIGHLIGHTS
The main highlights of the quarter were:
-- EBITDA reached R$ 87.8 million in 4Q09, a drop of 24.0% compared with 4Q08;
-- Consolidated sales to foreign market reached US$ 46.5 million, a reduction of 29.9% compared with 4Q08;
-- Consolidated Net Income was R$ 40.7 million, 16.4% less than 4Q08.
Conference Calls
Friday, March 5, 2010, 11:30 a.m. Brasilia
9:30 a.m. New York / 2:30 p.m. London
+55 (11) 2188.0188
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 the U.S.
+55 11 2188.0188 - For calls from Brazil
IR Contact:
Hemerson Fernando de Souza
(+55 54) 3209-2505
[email protected]
SOURCE Randon S.A.
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