ABnote Announces 4Q09 and 2009 Results

News provided by

ABnote

Feb 23, 2010, 09:27 ET

RIO DE JANEIRO, Feb. 23 /PRNewswire-FirstCall/ -- ABnote S.A. (Bovespa: ABNB3 - ON), the leader in solutions involving plastic cards, identification systems and print service management in the markets where it operates, announces its results for the fourth quarter of 2009 (4Q09) and the year of 2009. Except where stated otherwise, the financial and operational information herein is presented on a consolidated basis, including direct and indirect subsidiaries, Trust, Transtex, Interprint, Tecnoformas and Incard, in accordance with Brazilian Corporate Law.

    Highlights of the Period
    -- Net Revenue totaled R$ 706.4 million in 2009, 4.1% up on 2008;
    -- EBITDA of R$ 145.6 million in 2009, a 12.4% decline;
    -- Downturn of 32.3% in the volume of cards sold;

-- Closing cash balance of R$ 108.1 million, a R$ 62.4 million increase over the opening cash balance of R$ 45.7 million;

-- Acquisition of Microeletronica Espanola;

-- 12th consecutive year of Net Income growth: R$ 81.2 million in 2009.

The full 4Q09 earnings release is available on ABnote's IR website at www.abnote.com.br/ir.

ABnote will host conference calls to discuss these results Wednesday, February 24, 2010 as follows:

    English:
    10:00 a.m. EST / 12:00 p.m. BRT / 3:00 p.m. London
    Connecting Number: +1 (973) 935-8893
    Conference ID: 55219784

    Portuguese:
    8:00 a.m. EST / 10:00 a.m. BRT / 1:00 p.m. London
    Connecting Number: +55 (11) 2188-0188
    Conference ID: ABnote

    For additional information, please contact ABnote's IR office:
    Carlos Affonso d'Albuquerque
    CFO and IRO
    Phone (+55 21) 2195-7202
    [email protected]

    Fabio Bueno
    Financial and Investor Relations Manager
    Phone (+55 21) 2195-7230
    [email protected]

SOURCE ABnote

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