TEGMA Announces Growth of 15.9% in Net Revenue and 44.3% in Net Income in 2009

SAO BERNARDO DO CAMPO, Brazil, March 19 /PRNewswire/ -- Tegma Gestao Logistica S.A., one of the largest logistics management providers in Brazil and leader in the transportation of brand new vehicles for the automobile industry, presents its consolidated results for the fourth quarter of 2009 (4Q09) and the full year of  2009. Tegma is an integrated logistics provider that operates in the transportation, storage, inventory control and management, as well as development of logistics solutions in diverse sectors of the economy, offering a wide portfolio of services. It currently has 58 branches in Brazil, 2,894 direct employees, 3,807 units of own and third-party equipment and 1,571,000 m2 of total yard area.

Financial and Operational Highlights:

Consolidated net revenue totaled R$309.0 million in 4Q09, up by 36.1% on 4Q08, and R$1,134.3 million in 2009, up 15.9% on 2008.

EBITDA grew by 98.2% in 4Q09, totaling R$45.7 million. In 2009, EBITDA amounted to R$ 162.5 million, 31.8% up year-on-year.

Net income amounted to R$21.5 million in 4Q09, up by R$15.4 million (or 257.1%) versus 4Q08. In 2009, net income totaled R$76.5 million in the period, representing a 44.3% growth over the previous year.

SOURCE Tegma Gestao Logistica S.A.

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