News

3Q16 Earnings Release

São Paulo, November 11, 2016 - Contax Participações S.A. (BM&FBovespa: CTAX3) announces today its 3Q16 results.

3Q16 Highlights:

• Growth of Operating Generation, reflecting a more efficient management focused on the recovery of margins and the strengthening of the client base;
• Net Income of R$73.9 million boosted by the gain from the sale of Allus;
• As a subsequent event, the Company carried out on October 10 the repayment of R$254.4 million in finantial debts, fulfilling 100% of debt extension-related obligations;
• Cash position reinforced with R$200 million, ensuring liquidity for the Company to keep advancing the margin recovery process;
• Adjusted EBITDA improvement of R$16.3 million quarter-over-quarter (R$11.4 million in 3Q16 versus -R$4.8 million in 2Q16);
• Rise in Gross Margin (14.4% in 3Q16 versus 13.2% in 2Q16), resulting from the initiatives at cost control and improvement of operational efficiency, with a reduction of expenses in all P&L items;
• Evolution of the operational and quality turnaround, with (i) focus on idleness reduction, (ii) improvement of quality ratios and (iii) contract profitability;
• Continuity of the advance in governance: Migration to the New Market on 7/21/2016. Consolidation of a true corporation without controller

To see the Earnings Release, please click here.


Conference Call in Portuguese

November 11, 2016
Time: 07:00 a.m. (US EST) / 10:00 a.m. (Brasília)
Connection Phone: +55 (11) 3193-1001 or +55 (11) 2820-4001
Code: Contax
Webcast: clique aqui

Replay: Available until November 17, 2016
Connection Phone: +55 (11) 3193 1012
Code: 1266357#