Fras-le reports 4Q and full-year 2018 results
CAXIAS DO SUL, Brazil, March 19, 2019 /PRNewswire/ -- Fras-le S.A. (B3 – "FRAS3"), a member of the Randon Companies, the largest manufacturer of friction materials in Latin America and a leader worldwide, announces its results for the fourth quarter and year ended 2018. The Company's financial information is consolidated in accordance with International Financial Reporting Standards – IFRS.
KEY RESULTS – 4Q18 | 2018 |
(Percentages indicate variations with the same periods of 2017 – amounts in millions of reais) |
Consolidated net income: |
2018: R$ 1141.1 (+37.0%) | 4Q18: R$ 351.3 (+58.6%) |
Net revenues in the domestic market: |
2018: R$ 548.6 (+31.2%) | 4Q18: R$ 169.4 (+43.1%) |
Net revenues in the international market: |
2018: R$ 592.6 (+42.9%) | 4Q18: R$ 181.9 (+76.4%) |
Billing External Market (Exports + Foreign Operations): |
2018: US$ 163.0 (+25.9%) | 4Q18: US$ 47.6 (+49.3%) |
Consolidated gross income: |
2018: R$ 303.6 (+39.8%) | 4Q18: R$ 88.4 (+46.4%) |
Operating Income: |
2018: R$ 139.8 (+114.2%) | 4Q18: R$ 19.9 (+25.8%) |
EBITDA: |
2018: R$ 183.9 (+72.8%) | 4Q18: R$ 31.9 (+10.1%) |
Consolidated net income: |
2018: R$ 88.6 (+38.0%) | 4Q18: R$ 17,6 (+67.9%) |
CONFERENCE CALL TO DISCUSS RESULTS
(In Portuguese, with simultaneous interpretation into English)
March 19, 2019 (Tuesday)
12:00 p.m. (Brasília) | 11:00 a.m. New York | 3:00 p.m. London
Dial-in with connections in Brazil: +55 (11) 3193-1001 or +55 (11) 2820-4001 | Password: FRAS-LE;
Dial-in with connections in the USA: 1 800 492-3904 (Toll free) | +1 646 291-8936 (New York)
Password: Fras-le;
WEBCAST
Portuguese: www.choruscall.com.br/fras-le/4t18.htm
English www.choruscall.com.br/fras-le/4q18.htm
IR Contact
E-mail: [email protected]
Site: http://ri.fras-le.com.br
Hemerson Fernando de Souza
Telephone: +55 54 3239.1519
Roberto Pezzi
Telephone: +55 54 3239.1532
SOURCE Fras-le S.A.
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