News

Net Revenue of R$701.8 mn in 2012
Net Earnings grow by 23% to R$13.7 mn
Strong Operational Cash Flow of R$67.2 mn in 4Q12

São Paulo, Brazil, February 25, 2013 - Metalfrio Solutions S.A. (FRIO3) ("Metalfrio"), one of the world’s largest manufacturers of plug-in commercial refrigeration equipment, announces its results for the fourth quarter of 2012 ("4Q12"). Financial and operational information given is in accord with international accounting standards (IFRS), in Reais (R$). Comparisons are with the fourth quarter of 2011 ("4Q11") or as indicated.

Summary

  • Net revenue: R$701.8 mn in 2012 (-7.1% vs. 2011). Americas: R$490.5 mn (-4.9% vs. 2011). Europe: R$211.3 mn (-11.7% vs. 2011).
  • Gross profit of R$89.1 mn in 2012 (gross margin of 12.7%).
  • Adjusted EBITDA of R$25.8 mn in 2012, margin of 3.7%.
  • Operational cash flow1 of R$67.2 mn in 4Q12 (generation of R$30.6 mn in 4Q11), and generation of R$41.6 mn in 2012.
  • Net Earnings of R$13.7 mn in 2012 versus R$11.1 mn in 2011.

To access the Earnings Release, please click here.