Fras-le Announces Results for the Third Quarter and First Nine
Months of 2012
CAXIAS DO SUL, Brazil,
Nov. 12, 2012 /PRNewswire/ -- Fras-le
S.A., listed in level 1 of corporate governance of the Sao Paulo
Stock Exchange (BM&FBovespa) under ticker symbols FRAS3 and
FRAS4, a Randon group company and the world's largest manufacturer
of blocks (canvas covers for commercial vehicles), as well as the
market leader in Brazil, announces
its results for the third quarter and first nine months of 2012
(2Q12 and 9M12, respectively). Except where stated otherwise, the
operating and financial information is presented on a consolidated
basis and the amounts are expressed in Brazilian reais, in
accordance with International Financial Reporting Standards (IFRS)
Issued by the International Accounting Standards Board (IASB) and
the accounting practices adopted in Brazil (BR GAAP). Comparisons are with the
third quarter of 2011 (3Q11), the second quarter of 2012 (2Q12) and
the nine months of 2011 (9M11).
KEY 3Q12 RESULTS
Total gross revenue before consolidation: R$233.0 million, 27.2% up on 3Q11 and 33.7%
higher than in 3Q10;
Consolidated net revenue: R$170.1
million, 31.8% more than in 3Q11 and 37.4% up on 3Q10;
Net revenue from the domestic market: R$92.9 million, a 22.2% improvement over 3Q11 and
31.0% up on 3Q10;
Net revenue from foreign sales: R$77.2
million, a 45.4% increase over 3Q11 and 46.0% higher than in
3Q10;
Fras-le Brasil exports (FOB): US$24.3
million, 4.7% down on 3Q11 and 6.4% less than in 3Q10;
Foreign sales (exports and units abroad): US$38.3 million, 14.2% up on 3Q11 and 25.7% more
than in 3Q10;
EBITDA: R$23.7 million, a 76.9%
upturn over 3Q11 and 61.2% higher than in 3Q10;
Consolidated gross profit: R$39.7
million, 17.5% up on 3Q11 and 9.1% more than in 3Q10;
Consolidated net income: R$8.7
million, 7.9% less than in 3Q11 and 2.6% down on 3Q10.
3Q12 Results Conference Call
Portuguese
November 13, 2012, 10:00 a.m. (Brasilia)
(55 11) 2188 0155
Code: Fras-le
The Company's conference call presentation and webcast are
available at:
www.fras-le.com
IR Contacts
+ 55 (54) 3289.1517
ri@fras-le.com
Daniel Raul Randon
IR Officer
Anderson Pepato
IR Manager
Jorge Roberto Gomes
IR
SOURCE Fras-le S.A.