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TUPY announces results for 4Q13

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TUPY ANNOUNCES RESULTS FOR 4Q13

REVENUES GROWTH OF 20% ON 4Q13. 41.3% INCREASE ON ADJUSTED EBITDA

On February 25th, TUPY S.A. announced the results for the 4th Quarter of 2013. The conference call will be held on February 26th, 2014, at 10:00 AM (BRT) – 08:00 AM (EST).

The main highlights for the quarter are:

  • Sales volume: 153.7 thousand tonnes – 11.4% higher than 4Q12.
  • Revenues: R$ 780.4 million – growth of 20.0% in relation to the same quarter of 2012, driven by commercial vehicles on the domestic market and all applications on the foreign market.
  • Gross profit: R$ 132.7 million – margin of 17.0% over Revenues – amount 33.0% greater than 4Q12.
  • Net income: R$ 16.1 million – 2.1% over Revenues – corresponding to an increase of 521.2% over 4Q12.
  • Adjusted EBITDA: R$ 115.0 million – increase of 41.3% in relation to the 4Q12 and equivalent to 14.7% of 4Q13 Revenues; best EBITDA margin for the fourth quarter since 4Q08.
  • Investments in PP&E and intangible assets: R$ 93.0 million – increase of 91.6% in comparison to 4Q12

Click here to access the Quarterly Release.

Click here to access the Quarterly Fact Sheet.

For more information about the results conference call, click here.

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