Randon Reports its 3Q2014 and 9M2014 Results

CAXIAS DO SUL, Brazil, Nov. 6, 2014 /PRNewswire/ -- Randon S.A. – Implementos e Participacoes (BM&FBovespa - RAPT3 and RAPT4), the controlling holding company of eight companies operating within the segments of vehicles and trailers/semi-trailers, auto parts and financial services, reports its results for the third quarter of 2014 (3Q2014) and for the nine first months of the year (9M2014). The financial and operating information of the Company, except when otherwise stated, are consolidated in accordance with the international standards of IFRS – International Financial Reporting Standards and the monetary values are denominated in Reais.

• 9M14 Total Gross Revenue, before consolidation, was R$ 4.1 billion, a decrease of 16.4% compared with 9M13;

• 9M14 Consolidated Net Revenue reached R$ 2.9 billion, 9.5% lower than 9M13;

• 9M14 EBITDA of R$ 387.1 million, a drop of 13.4% in 9M13;

• R$ 162.4 million of Consolidated Net Profit in 9M14, with a Net Margin of 5.7%, against R$ 187.2 million in 9M2013.

HIGHLIGHTS

The main highlights of the quarter were:

- EBITDA had, in 3Q14, a drop of 45.6%, compared with 3Q13, reaching R$ 96.0 million, against R$ 176.3 million in the same period last year;

- Consolidated foreign sales reached US$ 50.0 million in the quarter, a decrease of 21.9%, compared with the same quarter in 2013;

- Consolidated Net Income of R$ 32.7 million in the quarter and net margin of 3.7%, against R$ 78.7 million or 6.9% of net revenue in 3Q13.

Conference Call Results   07 NOV 2014, Friday, 12:00 AM. Brasilia 09:00 AM. New York 14:00 PM. London +55 (11) 3728.5971 or (11) 3127.4971 Ticker: RANDON   Simultaneous Translation Into English + 1 516-3001066 Call from NY + 55 11 3127.4971/3728.5971 Call from SP

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

IR Contact: 
Hemerson Fernando de Souza  
(+55 54) 3239.2505 
[e-mail]

SOURCE Randon S/A Implementos e Participações

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