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Randon Report its Results for the Third Quarter of 2012 and Nine First Months of 2012

CAXIAS DO SUL, Brazil, Nov. 12, 2012 /PRNewswire/ -- Randon S.A – Implementos e Participacoes (BM&FBovespa RAPT3 and RAPT4), the controlling holding company of ten companies operating within the segments of vehicles and trailers/semi-trailers, auto parts and financial services, reports its results for the third quarter of 2012 (3Q2012) and for the nine first months of the year (9M2012). 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.

  • 9M2012 Total Gross Revenue, before consolidation, was R$ 3.8 billion, a decrease of 19.7% compared with 9M2011;
  • 9M2012 Consolidated Net Revenue reached R$ 2.5 billion, down 20.1% from 9M2011;
  • 9M2012 EBITDA was R$ 213.1 million, 52.8 down from 9M2011;
  • R$ 27.0 million of Consolidated Net Profit in 9M2012, with a Net Margin of 1.1%.

HIGHLIGHTS

The main highlights of the quarter were:

-  EBITDA has declined, in this 3rd quarter of 2012, 41.6% compared with 3Q2011, reaching R$ 79.4 million;
- Consolidated foreign sales reached US$ 73.3 million in the quarter, a decrease of 3.1% compared with the same quarter in 2011;  
-  Consolidated Net Profit of R$ 12.9 million, 79.5% lower than 3Q2011.

Conference Call on Results

NOVEMBER 13, 2012, Tuesday,
12:00 PM.  Brasilia
9:00 AM.  New York  
2:00 PM.  London
+55 (11) 3127.4971
Ticker: RANDON

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

Simultaneous Translation to English
+ 1 516-3001066 Calling from NY
+ 55 11 3127.4971 Calling from SP

IR Contact:
Hemerson Fernando de Souza
(+ 55 54) 3209.2505
ri@randon.com.br

SOURCE Randon S.A. - Implementos e Participacoes

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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