TOTVS - 4Q17 Earnings Results

USA - English

• Brazil - Português

SAO PAULO, Feb. 7, 2018 /PRNewswire/ -- TOTVS S.A. (B3: TOTS3), the leading developer of business solutions in Brazil, announces today its results for the fourth quarter of 2017 (4Q17). 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).

• Net Revenue: R$2,227.3 million in 2017 (+2.0% vs. 2016) and R$554.4 million in 4Q17 (+0.8% vs. 4Q16 and -1.4% vs. 3Q17).

• Recurring Revenue: R$1,466.4 million in 2017 (+8.7% vs. 2016) and R$374.1 million in 4Q17 (+8.8% vs. 4Q16 and +1.6% vs. 3Q17).

• Subscription Revenue: R$307.9 million in 2017 (+34.3% vs. 2016) and R$86.4 million in 4Q17 (+34.8% vs. 4Q16 and +9.5% vs. 3Q17).

• Annual Recurring Revenue from Subscription: R$368.0 million in 4Q17 (+41.5% vs. 4Q16 and +10.1% vs. 3Q17).

• Adjusted EBITDA: R$303.5 million in 2017 (-15.4% vs. 2016) and R$69.1 million in 4Q17 (+13.8% vs. 4Q16 and +11.0% vs. 3Q17).

• Adjusted Net Income: R$96.4 million in 2017 (-40.5% vs. 2016) and R$16.9 million in 4Q17 (-43.2% vs. 4Q16 and +21.6% vs. 3Q17).

• Net Operational Cash Flow: R$329.8 million in 2017 (+26.6% vs. 2016) and R$90.6 million in 4Q17 (+33.9% vs. 4Q16 and +16.7% vs. 3Q17).

• Net Debt: R$322.3 million in 2017 (-32.7% vs. 2016), corresponding to 1.1x Adjusted EBITDA in 2017 (vs. 1.3x Adjusted EBITDA in 2016).

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

CONFERENCE CALL - ENGLISH:  02/08/2018,12:00 p.m. (Brasília)
Webcast: click here | Telephone: US Toll Free +1(800) 492-3904 / International +1(646) 828-8246 / 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: 9178638#) until 02/14/2018 or at ir.totvs.com

CONFERENCE CALL – PORTUGUESE: 02/08/2018, 10:30 a.m. (Brasília)
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: 6842767#) until 02/14/2018 or at ri.totvs.com.br

IR CONTACTS

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

Sérgio Serio (IRM)
Tel.: +55 (11) 2099-7773/7097/7089

[email protected]

SOURCE TOTVS S.A.

Related Links

http://ri.totvs.com.br/