Tegma´s Q3 2018 results

Tegma Gestao Logistica S.A., one of the largest logistic providers in Brazil and in logistics for brand new vehicles in Brazil, hereby presents its Q3 2018 results.


-Tegma transported 206,700 vehicles in 3Q18, 5.8% growth vs the previous year, 26.5% of market share or a 1.7 p.p gain vs 2Q18.

-3Q18 Tegma’s 15.9% net revenue growth was driven by the improvement of quantity of vehicles transported and by average distance growth.

-Tegma’s adjusted EBITDA in 3Q18 was R$ 57.8 million, superior vs the previous year and driven by better results from both divisions.

-3Q18 Tegma’s net income was R$ 31.1 million, an improvement vs 3Q17 due to revenue growth, cost and expense control, reduction of debt cost and negatively due to a spontaneous report involving the regularization of ICMS in the chemical operation totaling R$ 7.2 million.

-3Q18 free cash flow was R$ 17.9 million, influenced by better results, by higher working capital consumption and by a relevant land investment

-The company’s net debt on September 30, 2018 was R$ 60.9 million, corresponding to 0.3 x EBITDA of the last 12 months.

-Tegma 3Q18 ROIC was 33.6%.

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