Randon Discloses the Second Quarter and First Half 2008 Results
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CAXIAS DO SUL, BRAZIL, Aug 6, 2008 -- Randon S.A. - Implementos e Participacoes (Bovespa RAPT3; RAPT4), the holding controller of eight companies operating within the road equipment (trailers/ semi-trailers), railroad (wagons) and specialty vehicle segments as well as auto parts, automotive systems and services, discloses its results for the second quarter of 2008 (2Q08) and first-half period of 2008 (1H08) ended on June 30, 2008. The Company's financial and operating information, except when otherwise indicated, are consolidated and the monetary values are expressed in Reais.
-- Total Gross Revenue, before consolidation, is R$2.12 billion, an increase of 25.0% over the 1H07 results;
-- Consolidated Net Revenue reached R$1.45 billion, an increase of 22.2% as compared to 1H07;
-- EBITDA was R$243.2, a rise of 29.3% as compared to 1H07;
-- R$121.6 million of consolidated net profit in 1H08, with a Net Margin of 8.4%
The main highlights of the quarter were:
-- The Total Gross Revenue, without elimination of inter-company sales, reached R$1.11 billion, 23.3% higher than 2Q07 and 10.4% higher than that reached in the prior quarter;
-- The Consolidated Net Revenue was R$752.4 million, 18.2% higher than 2Q07 and 7.5% higher as compared to the last quarter;
-- The EBITDA for the quarter increased 18.6% as compared to 2Q07, reaching R$121.5 million;
-- The consolidated sales for the foreign market reached US$76 million, representing a growth rate of 40.1% as compared to 2Q07;
-- The Consolidated Net Profit was R$67.6 million, 42.6% higher than 2Q07 Conference Call - Portuguese Date: August 7, 2008, Thursday Time: 10:00 am (Brasilia) Phone: +55 (11) 2188-0188 Code: RANDON Conference Call - English Date: August 7, 2008, Thursday Time: 11:00 am (Brasilia) / 10:00 am EDT Phone +1 (973) 935-8893 Code: 56411117 IR Contact: Hemerson Fernando de Souza +55 (54) 3209.2505 ri@randon.com.br