TOTVS - 2Q16 Earnings Results

USA - English

• Brazil - Português

SAO PAULO, Aug. 3, 2016 /PRNewswire/ -- TOTVS S.A. (BM&FBOVESPA: TOTS3), the leading developer of business solutions in Brazil and Latin America, announces today its results of the second quarter of 2016 (2Q16). The Company's consolidated financial statements were prepared in accordance with the accounting practices adopted in Brazil, which are in consonance with the International Financial Reporting Standards (IFRS). To facilitate comparison, we have presented the pro forma (unaudited) consolidated results that combine the results of TOTVS and Bematech corresponding to three months for 2Q15 and corresponding to 12 months for 12M-2Q16 and 12M-2Q15.

• Net Revenue: R$544.9 million in 2Q16 (-2.1% vs. 2Q15 pro forma and -1.2% vs. 1Q16) and R$2,244.8 million in 12M-2Q16 pro forma (+0.2% vs. 12M-2Q15 pro forma).

• Recurring Revenue: R$336.2 million in 2Q16 (+8.0% vs. 2Q15 pro forma and +0.7% vs. 1Q16) and R$1,310.4 million in 12M-2Q16 pro forma (+7.9% vs. 12M-2Q15 pro forma).

• Subscription Revenue: R$54.3 million in 2Q16 (+17.2% vs. 2Q15 pro forma and +4.2% vs. 1Q16) and R$204.0 million in 12M-2Q16 pro forma (+17.2% vs. 12M-2Q15 pro forma).

• EBITDA: R$96.9 million in 2Q16 (-20.8% vs. 2Q15 pro forma and -15.4% vs. 1Q16) and R$415.3 million in 12M-2Q16 Adjusted pro forma (-19.1% vs. 12M-2Q15 Adjusted pro forma).

• Net Income: R$37.7 million in 2Q16 (-44.9% vs. 2Q15 pro forma and -24.2% vs. 1Q16) and R$217.0 million in 12M-2Q16 Adjusted pro forma (-31.5% vs. 12M-2Q15 Adjusted pro forma).

For more information: http://ir.totvs.com  

CONFERENCE CALL – PORTUGUESE: August 4, 2016, 10:30 a.m. (Brasilia)
Webcast: click here | Telephone: +55 (11) 3193-1001 or +55 (11) 2820-4001 (access code: TOTVS) | Replay: +55 (11) 3193-1012 or +55 (11) 2820-4012 (access code: 3328446#) until August 10, 2016 or at ri.totvs.com.br.

CONFERENCE CALL – ENGLISH: August 4, 2016, 12:00 p.m. (Brasilia)
Webcast: click here | Telephone: US Toll Free +1(888) 700-0802 / International +1(786) 924-6977 / Brazil +55 (11) 3193-1001 or +55 (11) 2820-4001 (access code: TOTVS) | Replay: +55 (11) 3193-1012 or +55 (11) 2820-4012 (access code: 6716486#) until August 10, 2016 or at ir.totvs.com.

IR CONTACTS

Gilsomar Maia (CFO/IRO)
Tel.: +55 (11) 2099-7105

Douglas Furlan (IRM)
Tel.: +55 (11) 2099-7773/7097/7089
[email protected]

SOURCE TOTVS S.A.

Related Links

http://ir.totvs.com