TOTVS 2012: Revenue, EBITDA Margin and Net Income Growth

        






TOTVS 2012: Revenue, EBITDA Margin and Net Income Growth

SAO PAULO, Jan. 29, 2013 /PRNewswire/ -- TOTVS S.A. (BM&FBOVESPA: TOTS3), the leader in developing and marketing integrated enterprise management software and provision of related services in Brazil, today announces its results for the fourth quarter of 2012 (4Q12). The Company's consolidated financial statements are prepared in accordance with the accounting practices adopted in Brazil, which are in consonance with the International Financial Reporting Standards (IFRS).

Highlights of the period:

• Net Revenue: R$1,414.0 million in 2012 (+10.5% vs. 2011) and R$361.5 million in 4Q12 (+7.9% vs. 4Q11). Excluding the social security contribution - INSS, net revenue totaled R$1,437.4 million in 2012 (+12.4% vs. 2011) and R$368.6 million in 4Q12 (+10.0% vs. 4Q11).
• Net License Fee Revenue: R$329.4 million in 2012 (+7.3% vs. 2011) and R$83.0 million in 4Q12 (+8.6% vs. 4Q11). Excluding the social security contribution - INSS, this line totaled R$334.6 million in 2012 (+9.0% vs. 2011) and R$84.5 million in 4Q12 (+10.5% vs. 4Q11).
• Net Service Revenue: R$414.9 million in 2012 (+13.6% vs. 2011) and R$106.1 million in 4Q12 (+8.2% vs. 4Q11). Excluding the social security contribution - INSS, this line reached R$421.0 million in 2012 (+15.2% vs. 2011) and R$107.9 million in 4Q12 (+10.1% vs. 4Q11).
• Net Maintenance Revenue: R$669.7 million in 2012 (+10.3% vs. 2011) and R$172.3 million in 4Q12 (+7.4% vs. 4Q11). Excluding the social security contribution - INSS, this line totaled R$681.8 million in 2012 (+12.4% vs. 2011) and R$176.2 million in 4Q12 (+9.8% vs. 4Q11).
• EBITDA: R$378.0 million in 2012 (+22.5% vs. 2011) and R$93.791 million in 4Q12 (+7.7% vs. 4Q11).
• EBITDA Margin: consolidated EBITDA margin of 26.7% in 2012 (+260 bps vs. 2011) and 25.9% in 4Q12 (-10 bps vs. 4Q11).
• Net Income: R$207.148 million in 2012 (+22.3% vs. 2011) and R$66.868 million in 4Q12 (+11.4% vs. 4Q11).
• Cash Flow: R$125.329 million in 2012 (+129.7% vs. 2011), accounting for 33.2% of EBITDA (+1.547 bps vs. 2011).

For further information, please visit: www.totvs.com/ir.

Conference call in English
12:00 p.m. (Brasilia)
Webcast: www.totvs.com/ir
Phone: [phone]
Access code: TOTVS
Replay: [phone]
(access code: 10023253), available until 02/06/13, or at: www.totvs.com/ir

IR Contacts
Alexandre Dinkelmann
Investor Relations Officer
Phone: [phone] / 7097
[e-mail]

SOURCE TOTVS S.A.

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