TOTVS 2009: Strong Growth (+17.0% Revenue; 39.3% EBITDA; 23.7% Net Profit)

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TOTVS S.A.

Feb 03, 2010, 04:22 ET

SAO PAULO, Feb. 3 /PRNewswire-FirstCall/ -- TOTVS S.A. (BOVESPA: TOTS3), the leader in developing and marketing integrated enterprise management software and providing related services in Brazil, today announces its results for the fourth quarter of 2009 (4Q09).

Highlights of the period:

Annual and quarterly records in all revenue lines -- growth of 17.0% in net revenue registered in 2009 over 2008.

The number of clients served reached an annual record of 17,754, an increase of 22.1% over 2008, of which 2,591 are new clients and 15,163 are base clients; volume was 25.6% higher than 2008.

New License fee revenue records, R$249.433 million in 2009, and R$65,954 million in 4Q09; growth of 6.7% over 2008.

Revenue from services grew 16.6%, totaling R$332.069 million in 2009. In 4Q09, revenue from services grew 8.7% over 4Q08.

Maintenance fee revenue totaled R$498.839 million in 2009, 18.1% over 2008. In the quarter analysis totaled R$135,526 million in 4Q09, a growth of 18.7% over 4Q08.

Costs and expenses, excluding depreciation and amortization expenses, increased 11.0% in 2009 and 11.7% in 4Q09. Thus, they are lower than the revenue growth in both periods.

Record EBITDA of R$249,265 in 2009, representing growth of 39.3% over 2008. Growth of 24.5% over 4Q08.

NEW LONG TERM GUIDANCE to EBITDA MARGIN from 27% to 30% between 2013 and 2016.

Adjusted Net Income totaled R$159,924 million, a new record, representing growth of 23.7% over 2008.

To access the document, please visit: www.totvs.com/ir

The Company's consolidated financial statements are prepared in accordance with Brazilian corporate legislation (BRGAAP) and include the effects of Law 11638/07 for 2009. To enable comparison (organic growth's view), data of 2008 presented in tables and comments in this report is pro forma, as it includes the numbers since January 2005 for RM and Logocenter, as well as those earlier announced in the quarterly releases of Datasul S.A.

    Conference Call in English
    Thursday, February 4, 2010, 11:00 a.m. (Brasilia)
    Webcast: www.totvs.com/ir
    Phone: 1 (412) 858-4600
    Code: TOTVS

    IR Contacts
    Jose Rogerio Luiz
    EVP, CFO and IRO
    Gilsomar Maia / Bruno Brasil
    Investor Relations

    Phone: (11) 3981-7105 / 7097
    [email protected]

SOURCE TOTVS S.A.

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