Eucatex Announces 1Q08 Results: Net Income is R$ 18.9 Million (+83% over 1Q07) and EBITDA is R$ 36.1 Million (+37% over 1Q07)
SAO PAULO, Brazil, May 14 /PRNewswire-FirstCall/ -- Eucatex (Bovespa: EUCA3 and EUCA4), one of the largest manufacturers of hardboard and medium density particleboard (MDP) in Brazil, with operations also in the paint and varnish, laminate flooring, partitions, mineral products and agricultural substrate sectors, announces its results for the first quarter of 2008 (1Q08).
Period Highlights Gross revenue totaled R$ 212.6 million in the quarter, a 18% growth in relation to 1Q07. The revenue growth is mainly due to higher domestic sales volumes, among which: paint, up 44.4%, laminate flooring, up 37% and MDP panels, up 9%.
Net revenue reached R$ 174.3 million in 1Q08, up 16.5% compared to R$ 149.6 million registered in 1Q07. EBITDA Margin was 21% in the 1Q08, a 3 percentage point rise over the same period in the previous year. EBITDA was R$ 36.1 million in the 1Q08, up 37% compared to the 1Q07. Net income was R$ 18.9 million in the 1Q08, which is around 83% higher than in the previous year. New T-HDF (Thin-High Density Fiberboard) Line project: Contracts were signed for the supply of equipment, most of which will be delivered in the last quarter of 2008. Work on the new wood yard and the installation of the T-HDF line in Salto (SP) is according to schedule. The complete 1Q08 Press Release is available at our website: www.eucatex.com.br/ir
About Eucatex Eucatex S.A. (Bovespa: EUCA3 and EUCA4) is one of Brazil's largest manufacturers of flooring, partitions, ceilings, roof tiles, MDP, hardboard, agricultural substrate, mineral products, paints and varnishes. In 2007, Eucatex completed 56 years of operations. With 2,308 employees, the Company exports to more than 30 countries and has four modern plants located in Botucatu, Salto and Paulinia in Sao Paulo state, and is now poised to begin a new cycle of strong growth. Conference Call Source: Eucatex S.A. CONTACT: IR Contact, Jose Antonio Goulart de Carvalho, Executive Vice Web site: http://www.eucatex.com.br/ri
2008-05-14 20:39:07 0362111 PRNEWSWIRE
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