{ "market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-18000", "open" : "1259677845", "close" : "1259701245", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000"}
prnewswire

Randon (RAPT4 and RAPT3) Reports Third Quarter Results

  • Press Release
  • Source: Randon S.A.
  • On 5:15 am EST, Friday November 6, 2009

CAXIAS DO SUL, Brazil, Nov. 6 /PRNewswire-FirstCall/ -- Randon S.A. - Implementos e Participacoes (Bovespa: RAPT3 and RAPT4), the holding company of eight companies operating within the segments of road equipment (trailers/semi-trailers), railroad (wagons) and specialty vehicles, as well as auto parts, automotive systems and services, reports its results for the third quarter of 2009 (3Q09) and for the nine first months of the year (9M09), ended September 30, 2009. The financial and operating information of the Company, except when otherwise stated, is consolidated and the monetary values are denominated in Reais.

-- Total Gross Revenue, before consolidation, is R$ 2.63 billion, a decrease of 24.3% as compared to 9M08;

-- Consolidated Net Revenue reached R$ 1.75 billion, a decline of 24.8% as compared to 9M08;

-- EBITDA was R$ 213.0 million, 47.4% lower than 9M08;

-- R$ 98.2 million of consolidated net profit in 9M09, with a Net Margin of 5.6%.

HIGHLIGHTS

The main highlights of the quarter were:

- EBITDA for the quarter reached R$ 68.5 million in the quarter, a decline of 57.7% compared to 3Q08;

- Consolidated sales for the foreign market reached US$ 44.6 million, representing a decline of 45.7% as compared to 3Q08;

      - Consolidated Net Profit was R$ 27.0 million, 55.6% lower than 3Q08.

    Conference Calls
    Wednesday, November 11, 2009
    11:00 am  Brasilia Summer Time
    8:00 am EST / 1:00 pm GMT
    +55 (11) 2188 0188
    Ticker: RANDON

The Company's presentation and audio webcast will be available at www.randon.com.br/ir

    Simultaneous Translation into English
    +1 646 843 6054 - U.S. Callers
    +55 11 2188 0188 - Brazil Callers

    Apimec Sul Meeting
    Wednesday, November 11, 2009
    6:00 pm
    Plaza Sao Rafael
    Av. Alberto Bins, 514
    Porto Alegre - RS

    IR Contact:
    Hemerson Fernando de Souza
    (+55 54) 3209 2505
    ri@randon.com.br

Sponsored Links

Copyright © 2009 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.