Tegma´s Q3 2016 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 Q3 2016 results.
• Tegma transported 179,000 vehicles in 3Q16, a 6% growth vs 2Q16 and flat vs 3Q15
• Tegma’s net revenue in 3Q16 was R$ 238 million, 14% less than in 3Q15
• 3Q16 free cash flow was R$ 24 million vs R$ 45 million in 3Q15
• Tegma’s EBITDA in 3Q16 was R$ 25 million vs R$ 23 million of EBITDA in 3Q15, a 2.3 p.p. higher margin
• The company’s net debt on September 30th, 2016 was R$ 100 million (1.1 x Adjusted EBITDA of the last 12 months)
• Tegma’s net income was R$ 4 million in 3Q16, 25% less than 3Q15
• Manageable spendings in 3Q16 totaled R$ 69 million, 13% lower than 3Q15
To access the earnings release,click here.
To access the financial historical in .XLS, click here.
To listen the conference call replay, call +1 (786) 924 6977.