TOTVS - 4Q15 earnings results

USA - English

• Brazil - Português

SAO PAULO, Marh 16, 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 fourth quarter of 2015 (4Q15). 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).

• Pro-forma net Revenue: R$2,262.2 million in 2015 (+2.9% vs. 2014) and R$571.4 million in 4Q15 (+0.1% vs. 4Q14).

• Pro-forma Recurring Revenue: R$1,258.820 million in 2015 (+8.7% vs. 2014) and R$323.8 million in 4Q15 (+8.3% vs. 4Q14).

• Pro-forma Subscription Revenue: R$188.8 million in 2015 (+21.4% vs. 2014) and R$49.7 million in 4Q15 (+19.4% vs. 4Q14).

• Pro-forma Adjusted EBITDA: R$456.9 million in 2015 (-13.2% vs. 2014) and R$85.0 million in 4Q15 (-35.3% vs. 4Q14).

• Pro-forma Adjusted Net Income: R$283.1 million in 2015 (-9.9% vs. 2014) and R$49.6 million in 4Q15 (-39.0% vs. 4Q14).

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

CONFERENCE CALL - PORTUGUESE: March 17, 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: 5996756#) up to March 23, 2016 or at ri.totvs.com.br

CONFERENCE CALL - ENGLISH: March 17, 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: 9146969#) up to March 23, 2016 or at ir.totvs.com

IR CONTACTS
Gilsomar Maia (CFO/IRO)
Phone: +55 (11) 2099-7105
Douglas Furlan (IRM)
Phone: +55 (11) 2099-7773/7097/7089
[email protected]

SOURCE TOTVS S.A.

Related Links

http://ir.totvs.com