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Fras-le announces Results for 2nd Quarter and 1st Half of 2018

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Fras-le announces Results for 2nd Quarter and 1st Half of 2018

PR Newswire

CAXIAS DO SUL, Brazil, August 7, 2018 /PRNewswire/ -- Fras-le S.A. (B3 – "FRAS3"), which is one of the members of Empresas Randon, and is widely recognized as the largest manufacturer of friction materials in Latin America and a world leader, has announced its results for the 2nd Quarter and the 1st Half of 2018. The Company's financial information is consolidated in accordance with International Financial Reporting Standards (IFRS).

KEY RESULTS – 2Q18 | 1st Half of 2018
(Percentages indicate variations with the respective periods in 2017 – in R$ millions)

Consolidated Net Revenue:
2Q18: R$ 282.6 (+31.4%) | 1st Half of 2018: R$ 529.2 (+34.8%)

Net Revenue in national market:
2Q18: R$ 123.6 (+37.1%) | 1st Half of 2018: R$ 239.7 (+27.0%)

Net Revenue in external market:
2Q18: R$ 159.0 (+27.3%) | 1st Half of 2018: R$ 289.4 (+42.1%)

External Market Billing (Exports + operations abroad):
2Q18: US$ 44.1 (+24.0%) | 1st Half of 2018: R$ 84.3 (+40.0%)

Consolidated Gross Profit:
2Q18: R$ 74.9 (+31.4%) | 1st Half of 2018: R$ 137.7 (+43.5%)

Operating Profit:
2Q18: R$ 22.6 (-8.8%) | 1st Half of 2018: R$ 92.9 (+212.3%)

EBITDA:
2Q18: R$ 33.4 (-1.2%) | 1st Half of 2018: R$ 114.1 (+136.8%)

Consolidated Net Profit:
2Q18: R$ 17.2 (-38.5%) | 1st Half of 2018: R$ 61.7 (+63.3%)

AUDIOCONFERENCE ON RESULTS
(In Portuguese with simultaneous translation into English)
08/08/2018 (Wednesday);
12:00 noon Brasilia | 11:00 a.m. New York | 4:00 p.m. London
Dial-in connections in Brazil: +55 11 3193-1001 |+55 11 2820-4001 | Password: FRAS-LE;
Dial-in connections in the U.S.: 1 800 492-3904 (Toll free) | +1 646 828-8246 (New York)
Password: FRAS-LE;

WEBCASTING
Portuguese: http://choruscall.com.br/fras-le/2t18.htm
Simultaneous translation: http://choruscall.com.br/fras-le/2q18.htm

Investor Relations contact
E-mail: ri@fras-le.com
Site: http://ir.fras-le.com.br

Hemerson Fernando de Souza
Phone: +55 54 3239.1519

Roberto Pezzi
Phone: +55 54 3239.1532

Cision View original content:http://www.prnewswire.com/news-releases/fras-le-announces-results-for-2nd-quarter-and-1st-half-of-2018-300693535.html

SOURCE Fras-le S.A.

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