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Quarterly Earnings Release
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4Q09 and 2009 Results
- Net revenue: R$ 643.2mn in 2009 (–11.3% vs. 2008)
- Adjusted EBITDA: R$ 67.6mn in 2009 (+73.6% vs. 2008), with a margin of 10.5% (5.4% in 2008)
- Net profit: R$ 34.8mn in 2009 (loss in 2008)
- Operating cash flow: R$ 132.1mn in 2009 (4.1 times 2008)
- Net debt: R$ 110.5mn in 2009 (R$ 218.2mn in 2008)
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