Le Lézard
Classified in: Transportation, Business
Subjects: ERN, CCA

Fras-le reports results for 3Q and 9M 2019


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. Brasília | 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

SOURCE Fras-le S.A.


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News published on 13 november 2019 at 07:28 and distributed by: