News

Net Revenue: R$234.0 mn no 2Q11 (-13.6% vs. 2Q10)
Adjusted EBITDA: R$23.9 mn in 2Q11, with a margin of 10,2%
Operating cash flow4 of R$26.1 mn in 2Q11 (consumption of R$5.4 mn in 2Q10) and R$46.9 mn in 6M11
Distributed dividends of R$18.5 mn in 2Q11 and additional distribution (capital repayment) approved for July 2011 of R$9.7 mn (dividend yield of 6.8%)

São Paulo, Brazil, august 5, 2011 - Metalfrio Solutions S.A. (FRIO3) (“Metalfrio”), one of the world’s largest manufacturers of plug-in commercial refrigeration equipment, announces its results for the second quarter of 2011 (“2Q11”). Financial and operational information given is in accord with international accounting standards (IFRS), in Reais (R$). Comparisons are with the second quarter of 2010 (“2Q10”) or as indicated.

2Q11 Summary

  • Net revenue: R$234,0 mn in 2Q11 (-13.6% vs. 2Q10). Americas: R$140.6 mn (-21.9% vs. 2Q10). Europe: R$93.3 mn (+2.9% vs. 2Q10)
  • Gross Profit of R$40.9 mn in 2Q11 (gross margin of 17.5%)
  • Adjusted EBITDA of R$23.9 mn in 2Q11. Margin of 10.2%
  • Operating cash flow of R$26.1 mn in 2Q11 (consumption of R$5.4 mn no 2Q10), and generation of R$46.9 mn in first semester of 2011 (“6M11”) (consumption of R$6.7 mn in 6M10)
  • Net profit of R$15.0 mn in 2Q11, net margin of 6.4%
  • Distributed dividends of R$18.5 mn in 2Q11 and additional distribution approved for July 2011 of R$9.7 mn (dividend yield of 6.8% in last 12 months, considering the Company’s share price for August 3, 2011)

To access the Earnings Release, click here.