U.S. Markets open in 5 hrs 22 mins

Fras-le announces results for 2nd Quarter - 1st six months of 2019

CAXIAS DO SUL, Brazil, Aug. 12, 2019 /PRNewswire/ -- Fras-le S.A. (B3 – "FRAS3"), which is one of the members of Empresas Randon, and is widely recognized as the largest manufacturer of friction materials in Latin America and a world leader, has announced its results for the second quarter of 2019. The Company's financial information is consolidated in accordance with International Financial Reporting Standards (IFRS).

KEY RESULTS – 2Q19 | 1st Six Months of 2019 ('1H19')
(Percentages indicate variations over respective periods of 2018 – in millions)

Consolidated net revenues

2Q19: R$ 338.8 (+19.9%) | 1H19: R$ 661.6 (+25.0%)


Net revenues in national market:

2Q19: R$ 165.1 (+33.6%) | 1H19: R$ 333.0 (+38.9%)


Net revenues in external market:

2Q19: R$ 173.7 (+9.2%) | 1H19: R$ 328.5 (+13.5%)


External market billing (Exports + operations abroad):

2Q19: US$ 44.4 (+0.6%) | 1H19: US$ 85.4 (+1.3%)


Consolidated gross profit:

2Q19: R$ 88.0 (+17.4%) | 1H19: R$ 163.0 (+18.4%)


Operating profit:

2Q19: R$ 27.1 (+20.0%) | 1H19: R$ 42.2 (-54.6%)


EBITDA:

2Q19: R$ 42.0 (+25.8%) | 1H19: R$ 71.0 (-37.7%)


Consolidated net profit:

2Q19: R$ 28.0 (+63.0%) | 1H19: R$ 25.4 (-58.8%)

AUDIOCONFERENCE ON RESULTS
(In Portuguese, with simultaneous translation into English) 
August 13, 2019 (Tuesday);
11:00 a.m. Brasilia | 10:00 a.m. New York | 3:00 p.m. London;
Dial-in connections in Brazil: +55 11 2820 4070 | +55 11 3193 1070 | Password: Fras-le;
Dial-in connections in the U.S.: 1 800 492-3904 (Toll free) | +1 646 291-8936 (New York)
Password: Fras-le;

WEBCASTING

Portuguese: http://choruscall.com.br/fras-le/2Q19.htm 
English:  http://choruscall.com.br/fras-le/2q19.htm

Investor Relations contact
E-mail: ri@fras-le.com 
Site: http://ri.fras-le.com.br

Hemerson Fernando de Souza
Phone: +55 54 3239.1519

Roberto Pezzi
Phone: +55 54 3239.1532

Cision

View original content:http://www.prnewswire.com/news-releases/fras-le-announces-results-for-2nd-quarter--1st-six-months-of-2019-300900315.html