Tegma´s Q3 2017 results

Tegma´s Q3 2017 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 2017 results.


• The number of vehicles transported in 3Q17 improved 9.4% compared to the previous year due to an improvement of domestic and foreign sales
• 3Q17 gross revenue growth is driven by the improvement in the number of vehicles transported in the period and the recovery of the Integrated logistics division
• 3Q17 Adjusted EBITDA was R$ 41.0 million, driven by results of both divisions
• 3Q17 Net income was R$ 15.3 million (R$ 0.23 per stock), driven by the growth in revenues and costs control
• Free cash flow in the quarter was R$ 27.0 million and R$ 49.7 million in 9M17
• In September, it was announced the anticipation of a debt due to end of 2017 and the rollover of a payment due to December 2018 for 2020 and 2021. The net debt at the end of September 2017 was R$ 74.7 million or 0.6x adjusted LTM EBITDA
• Also in September, it was announced an Association Agreement for the creation of a joint venture that will congregate the activities of warehouse and handling of general merchandise that occurs in Cariacica-ES.

To access the earnings release, click here.
To access the financial historical in .XLS, click here.

To listen the english results webcast replay, click here.