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Net Revenue: R$201.9 mn in 2Q12 (-13.7% vs. 2Q11)
Adjusted EBITDA: R$12.8 mn in 2Q12, with margin of 6.3% (-46.7% vs. 2Q11)
São Paulo, Brazil, July 27, 2012 - Metalfrio Solutions S.A. (FRIO3) (“Metalfrio”), one of the world’s largest manufacturers of plug-in commercial refrigeration equipment, announces its results for the second quarter of 2012 (“2Q12”). Financial and operational information given is in accord with international accounting standards (IFRS), in Reais (R$). Comparisons are with the second quarter of 2011 (“2Q11”) or as indicated.
Summary
- Net revenue: R$201.9 mn in 2Q12 (-13.7% vs. 2Q11). Americas: R$134.8 mn (-4.1% vs. 2Q11).
Europe: R$67.0 mn (-28.2% vs. 2Q11) - Gross profit of R$29.7 mn in 2Q12 (gross margin of 14.7%), compared with a gross profit of R$40.9 mn in 2Q11
(gross margin of 17.5%) - Adjusted EBITDA of R$12.8 mn in 2Q12 (-46.7% vs. 2Q11), margin of 6.3% (10.2% in 2Q11)
- Net debt of R$215.0 mn in 2Q12 (net debt of R$146.4 mn in 2Q11)
To access the Earnings Release, please click here.