TOTVS: 1Q16 Earnings Results

USA - English

• Brazil - Português

SAO PAULO, May 4, 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 first quarter of 2016 (1Q16). 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$551.4 million in 1Q16 (-1.0% vs. 1Q15 pro-forma and -3.5% vs. 4Q15 pro-forma) and R$2,256.6 million in LTM-1Q16 pro-forma (+1.3% vs. LTM-1Q15 pro-forma).

• Recurring Revenue: R$334.0 million in 1Q16 (+8.7% vs. 1Q15 pro-forma and +3.1% vs. 4Q15 pro-forma) and R$1,285.5 million in LTM-1Q16 pro-forma (+8.1% vs. LTM-1Q15 pro forma).

• Subscription Revenue: R$52.1 million in 1Q16 (+16.3% vs. 1Q15 pro-forma and +4.7% vs. 4Q15 pro-forma) and R$196.1 million in LTM-1Q16 pro-forma (+17.2% vs. LTM-1Q15 pro-forma).

• EBITDA: R$114.6 million in 1Q16 (-12.4% vs. 1Q15 pro-forma and +34.8% vs. Adjusted 4Q15 pro-forma) and R$440.7 million in LTM-1Q16 Adjusted pro-forma (-15.8% vs. LTM-1Q15 adjusted pro-forma).

• Net Income: R$49.8 million in 1Q16 (-38.9% vs. 1Q15 pro-forma and +0.5% vs. 4Q15 Adjusted pro-forma) and R$252.7 million in LTM-1Q16 Adjusted pro-forma (-20.9% vs. LTM-1Q15 adjusted pro-forma).

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

CONFERENCE CALL - PORTUGUESE: May 5, 2016, 10:30am (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: 2244142#) until May 11, 2016 or at ri.totvs.com.br

CONFERENCE CALL - ENGLISH: May 5, 2016, 12:00pm (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: 9531239#) until May 11, 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