Net Revenue: R$168.9 mn in 3Q12 (+7.2% vs. 3Q11)
Net Profit: R$9.3 mn in 3Q12 (net loss in 3Q11)

São Paulo, Brazil, October 26, 2012 - Metalfrio Solutions S.A. (FRIO3) ("Metalfrio"), one of the world’s largest manufacturers of plug-in commercial refrigeration equipment, announces its results for the third quarter of 2012 ("3Q12"). Financial and operational information given is in accord with international accounting standards (IFRS), in Reais (R$). Comparisons are with the third quarter of 2011 ("3Q11") or as indicated.


  • Net revenue: R$168.9 mn in 3Q12 (+7,2% vs. 3Q11). Americas: R$118.7 mn (-3.3% vs. 3Q11). Europe: R$50.2 mn (+44.0% vs. 3Q11)
  • Gross profit of R$20.5 mn in 3Q12 (gross margin of 12.1%), compared with a gross profit of R$25.6 mn in 3Q11 (gross margin of 16.2%)
  • Adjusted EBITDA of R$2.8 mn in 3Q12 (-70.5% vs. 3Q11), margin of 1.6% (6.0% in 3Q11)
  • Net Profit of R$9.3 mn in 3Q12 (net margin of 5.5%), compared with a net loss of R$28.1 mn in 3Q11
  • Net debt of R$228.4 mn in 3Q12 (net debt of R$215.0 mn in 2Q12)

To access the Earnings Release, please click here.