Amilpar -- Consolidated Revenues Grow 64% and EBITDA Increases 44% in the Quarter Compared to the Previous Year
RIO DE JANEIRO, May 11 /PRNewswire-FirstCall/ -- Amilpar (BM&FBOVESPA: AMIL3; Bloomberg: AMIL3 BZ and APAR < GO >; Reuters: AMIL3.SA), the largest Healthcare company in Brazil, announced today its results for the first quarter of 2010 (1Q10).
Amil's Results (without the effect of Medial)
- Adjusted Operating Revenues totaled R$ 1,290.8 million in the first quarter of 2010, a growth of 14.1% compared to same period of the previous year, and 2.8% over the 4Q09.
- Adjusted EBITDA came to R$ 138.3 million (10.7% margin) in 1Q10, 15.7% above the R$ 119.5 million (10.6% margin) recorded in 1Q09.
- The Company posted adjusted Net Income of R$ 67.0 million in the first quarter, 15.0% down on the same period last year, mainly due to lower net financial result as a consequence of the cash disbursed for Medial's acquisition.
Medial's Results
- Adjusted Operating Revenues in the first quarter of 2010 totaled R$ 570.9 million, a growth of 9.3% compared to the previous year.
- Adjusted EBITDA amounted to R$ 33.9 million in 1Q10, representing a margin of 5.9%.
- In the first quarter of 2010, adjusted Net Income came to R$ 13.5 million, 8.9% up on the first three months of last year.
Results in accordance with BR GAAP (consolidated with Medial)
- First quarter 2010 adjusted Operating Revenues totaled R$ 1,856.9 million, 64.2% up compared to the 1Q09 and 27.6% more than in the fourth quarter of 2009.
- Adjusted EBITDA amounted to R$ 172.0 million (9.3% margin) in the 1Q10, a growth of 43.9% compared to 1Q09. The adjusted EBITDA margin was 2.6 p.p. above the 4Q09 margin.
To access the Earnings Release full version visit our website at www.amilpar.com.br/ir
Next Events: Conference Calls
English
May 12, 2010
10 AM (New York)
(11 AM Brasilia)
Phone: +1 (412) 858-4600
Code: Amil
Webcast: www.amilpar.com.br/ir
Portuguese
May 12, 2010
1 PM (New York)
(2 PM Brasilia)
Phone: +55 (11) 2188-0155
Code: Amil Webcast: www.amilpar.com.br/ri
IR Contact
Erwin Kleuser
Investor Relations Officer
Phone: +55 (21) 3805-1155
About Amilpar
Amil Participacoes S.A. is the largest managed care organization in Brazil, according to the ANS, currently assisting over 5 million members in the states of Sao Paulo, Rio de Janeiro, Parana, Minas Gerais, Pernambuco, Bahia and in Distrito Federal.
SOURCE Amilpar
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