Randon Reports First Quarter 2017 Results

CAXIAS DO SUL, Brazil, May 10, 2017 /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 first quarter of 2017 (1Q2017), ended March 31, 2017. 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.

HIGHLIGHTS

The main highlights of the 1Q2017 are as follows:

• 1Q2017 Total Gross Revenue, before consolidation, reached R$ 841.5 million, a decrease of 17.5% as compared to 1Q2016;

• 1Q2017 Consolidated Net Revenue is R$ 579.7 million, 21.1% lower than 1Q2016 (R$ 734.6 million);

• 1Q2017 EBITDA achieved R$ 48.2 million, a 3.8% growth from 1Q2016 EBITDA and a 1Q2017 Adjusted  EBITDA  of R$ 56.5 million;

• R$ 1.6 million of Net Profit in 1Q2017, with Net Margin of 0.3%, against a Net Loss of R$ 9.6 million in 1Q2016.

The webcasting presentation of the company will be available at:
www.choruscall.com.br/randon/1t17.htm (portuguese)
www.choruscall.com.br/randon/1q17.htm (English)

IR Contact
(+55 54) 3239.2795
ri@randon.com.br

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/randon-reports-first-quarter-2017-results-300455402.html

SOURCE Randon S.A. Implementos e Participacoes