News

2Q16 Earnings Release

São Paulo, August 11, 2016 - Contax Participações S.A. (BM&FBovespa: CTAX3) announces today its 2Q16.

2Q16 Highlights:

• Sale of Allus: disclosure of material fact about the signing of a purchase-and-sale contract with closing forecast for 3Q16;
• Company‘s shares have traded on the New Market since July 21, 2016;
• Maintenance of quarter-over-quarter net operating revenue (NOR) (R$517.1 million in 2Q16 versus R$518.1 million in 1Q16);
• Revision of models for contracts with suppliers: focus on efficient pricing and adherence - estimated annual savings of R$52.5 million;
• R$26.3 million improvement in gross income in the period (gross margin of 13.2% in 2Q16 which compares with 8.1% in 1Q16) stemming from initiatives at cutting costs and operational efficiency improvement;
• EBITDA improved by R$23.1 million quarter-over-quarter (-R$13.1 million versus -R$36.1 million in 1Q16);
• Advancement in operational and quality turnaround with continued improvement in quality ratios; focus on client and employee satisfaction, and contract profitability;
• Continued advance in governance: creation of statutory committees (People; Audit, Risks Management and Compliance; Finance and Operational Strategy);

To see the Earnings Release, please click here.

Conference Call in Portuguese
August 12, 2016
Time: 09:00 a.m. (US EST) / 10:00 a.m. (Brasília)
Connection Phone: +55 (11) 2188-0155
Code: Contax
Webcast: clique aqui

Replay: Available until August 18, 2016
Connection Phone: +55 (11) 2188 0400
Code: Contax

IR Contacts:
Tel.: +55 (11) 3131-5136 or +55 (11) 3131-1763
E-mail: ri@contax.com.br
Website: ir.contax.com.br