Tegma´s Q1 2018 results
Tegma´s Q1 2018 results
Tegma Gestao Logistica S.A., one of the largest logistic providers in Brazil and the leader in logistics for brand new vehicles in Brazil, hereby presents its Q1 2018 results.
Highlights:
• Tegma transported 177,000 vehicles in 1Q18, a 7.8% growth vs 1Q17 driven by solid domestic sales growth.
• 1Q18 Tegma’s net revenue growth is driven by the improvement of quantity of vehicles transported and of average distance.
• Tegma’s EBITDA in 1Q18 was R$ 29.5 million (a 1.4 p.p. higher margin vs 1Q17) driven by the increase in revenues and the costs and expenses control.
• 1Q17 Tegma’s net income was R$ 14.0 million, an improvement vs 1Q17 due to revenue growth, cost and expense control and reduction of debt cost.
• 1Q18 free cash flow was R$ 44.2 million vs R$ 11 million of 1Q17.
• The company’s net debt on March 30th, 2018 was R$ 28 million (0.2 x EBITDA of the last 12 months).
• Tegma 1Q18 ROIC was 24.9%.
• 1Q18 Tegma’s net revenue growth is driven by the improvement of quantity of vehicles transported and of average distance.
• Tegma’s EBITDA in 1Q18 was R$ 29.5 million (a 1.4 p.p. higher margin vs 1Q17) driven by the increase in revenues and the costs and expenses control.
• 1Q17 Tegma’s net income was R$ 14.0 million, an improvement vs 1Q17 due to revenue growth, cost and expense control and reduction of debt cost.
• 1Q18 free cash flow was R$ 44.2 million vs R$ 11 million of 1Q17.
• The company’s net debt on March 30th, 2018 was R$ 28 million (0.2 x EBITDA of the last 12 months).
• Tegma 1Q18 ROIC was 24.9%.
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