CAXIAS DO SUL, Brazil, Nov. 13, 2019 /PRNewswire/ -- Fras-le S.A. (B3: FRAS3), a member of the Randon Companies, the largest manufacturer of friction materials in Latin America and a leader worldwide, announced its results for the third quarter and nine months ended 2019. The Company's financial information is consolidated in accordance with International Financial Reporting Standards – IFRS. KEY RESULTS – 3Q19 | 9M19 (Percentages indicate variations with the same periods of 2018 – amounts in millions of reais) Consolidated net income: | 3Q19: R$ 333.1 (+27.8%) | 9M19: R$ 994.7 (+25.9%) |
| Net revenues in the domestic market: | 3Q19: R$ 173.6 (+24.5%) | 9M19: R$ 506.6 (+33.6%) |
| Net revenues in the international market: | 3Q19: R$ 159.5 (+31.5%) | 9M19: R$ 488.0 (+18.8%) |
| Billing External Market (Exports + Foreign Operations): | 3Q19: US$ 40.4 (+30.0%) | 9M19: US$ 125.8 (+9.0%) |
| Consolidated gross income: | 3Q19: R$ 83.6 (+7.8%) | 9M19: R$ 246.6 (+14.5%) |
| Operating Income: | 3Q19: R$ 27.4 (1.9%) | 9M19: R$ 69.6 (-41.9%) |
| EBITDA: | 3Q19: R$ 43.1 (14.0%) | 9M19: R$ 114.1 (-24.9%) |
| Consolidated net income: | 3Q19: R$ 12.0 (29.9%) | 9M19: R$ 37.4 (-47.2%) |
RESULTS CONFERENCE CALL (In Portuguese, with simultaneous translation to English) 11/13/2019 (Wednesday); 11:00 a.m. BrasÃlia | 9:00 a.m. New York | 2:00 p.m.London; Dial-in with connections in Brazil: +55 11 2820 4080 | +55 11 3193 1080 | Password: Fras-le; Dial-in with connections in the USA: 1 800 492-3904 (Toll free) | +1 646 291-8936 (New York) Password: Fras-le; WEBCAST Portuguese: http://choruscall.com.br/fras-le/3t19.htm English: http://choruscall.com.br/fras-le/3q19.htm IR Contact E-mail: ri@fras-le.com Site: http://ri.fras-le.com.br Hemerson Fernando de Souza Telephone: +55 54 3239.1519 Roberto Pezzi Telephone: +55 54 3239.1532 View original content:http://www.prnewswire.com/news-releases/fras-le-reports-results-for-3q-and-9m-2019-300957430.html SOURCE Fras-le S.A. |