Quarterly Earnings Release

3Q10 Results

  • Net revenue: R$588.6mn in 9M10 (+28.1% vs. 9M09)
  • Adjusted EBITDA: R$79.5mn in 9M10 (+68.9% vs. 9M09), with a margin of 13.5% (10.2% in 9M09)
  • Accumulated adjusted EBITDA in last 12 months: R$100.1mn (+120% vs. 12 months ended in 3Q09), with a 13.0% margin
  • Net debt of R$93.0mn in 3Q10 (0.93 times adjusted EBITDA)
  • Net profit of R$60.9mn in 9M10 (+184.8% vs. 9M09)
  • IFRS implemented backdated to January 1st 2009

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