Fras-le S.A. - Announces its 3Q13 results
Caxias do Sul, November 6, 2013. Fras-le S.A., listed on the São Paulo Stock Exchange (BM&FBovespa) under ticker symbols FRAS3 and FRAS4, a Randon group company that is Latin America’s largest and one of the world’s leading manufacturers of friction materials, announces its results for the third quarter of 2013 (3Q13).
Total gross revenue before consolidation: R$ 264.1 million, 9.1% higher on 2Q13 and 13.4% more than in 3Q12;
Consolidated net revenue: R$ 190.6 million, 7.5% higher on 2Q13 and 12.1% higher than in 3Q12;
Net revenue from the domestic market: R$ 107.8 million, 12.8% higher than 2Q13 and 18.3% up on 3Q12;
Net revenue from the export market: R$ 82.8 million, 1.3% higher on 2Q13 and 4.9% increase over 3Q12;
Fras-le Brazil Exports (FOB): US$ 23.0 million, 4.1% less than on 2Q13 and 5.5% under 3Q12;
Sales in foreign markets (exports and units abroad): US$ 37.8 million, 4.0% less than 2Q13 and 1.3% under 3Q12;
EBITDA: R$ 32.8 million, 8.9% higher on 2Q13 and 38.3% more than in 3Q12;
Consolidated gross profit: R$ 59.3 million, 24.1% improvement over 2Q13 and 49.4% more than 3Q12;
Consolidated net income: R$ 14.3 million, 14.9% increase over 2Q13 and 66.7% higher than in 3Q12.
To access the website, www.fras-le.com.
To further information, please contact the IR team:
Phone: (55 54) 3239-1517
(55 54) 3239-1951