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4-Traders Homepage  >  Equities  >  Nyse  >  Ultrapar Participacoes SA    UGP

Delayed Quote. Delayed  - 07/22 10:02:03 pm
22.39 USD   +1.27%
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ULTRAPAR ADS : Ultrapar Announces its 3Q10 Results

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11/11/2010 | 12:10am CEST

SAO PAULO, Nov. 10, 2010 /PRNewswire-FirstCall/ -- Ultrapar Participacoes S.A. (NYSE: UGP / BM&FBOVESPA: UGPA4), a company engaged in fuel distribution (Ultragaz/Ipiranga), chemicals (Oxiteno) and storage for liquid bulk (Ultracargo), hereby reports its results for the third quarter of 2010.

We report one more quarter of strong growth in our results, achieving record levels of EBITDA and net earnings. In October, we acquired the fuel distributor DNP, advancing in Ipiranga's expansion plan, started with the acquisition of Texaco.

    --  VOLUME GROWTH OVER 3Q09 IN ALL BUSINESS UNITS
    --  SEVENTEENTH QUARTER OF GROWTH IN ULTRAPAR'S EBITDA, REACHING R$ 437
        MILLION IN 3Q10, UP 18% OVER 3Q09
    --  ULTRAPAR REPORTS RECORD NET EARNINGS OF R$ 211 MILLION, UP 58% OVER 3Q09
    --  ULTRAPAR ANNOUNCES ACQUISITION OF DNP AND ACCELERATES EXPANSION IN THE
        NORTH OF BRAZIL
    --  ULTRACARGO CONCLUDES SALE OF ITS IN-HOUSE LOGISTICS, SOLID BULK STORAGE
        AND ROAD TRANSPORTATION BUSINESSES AND ANNOUNCES EXPANSION IN SANTOS

"Our businesses continue to reap benefits from the economic growth and the larger scale of operations derived from the investments made, reporting the seventeenth consecutive quarter of positive evolution in EBITDA. We recently took one more step forward in Ipiranga's expansion plan towards the North, Northeast, and Midwest of Brazil with the acquisition of DNP, the fourth largest fuel distributor in Northern Brazil. This acquisition places Ipiranga in a better position to capture the accelerated regional growth and the additional benefits from the larger operating scale, reinforcing the strategy initiated with the acquisition of Texaco. Simultaneously, we closed the sale of our road transportation, solid bulk storage and in-house logistics businesses, focusing Ultracargo on the liquid bulk storage business."

Pedro Wongtschowski - CEO



    Results conference call
    -----------------------

    Brazilian conference call / APIMEC
    November 12th, 2010
    09:30 a.m. (US EST)
    Place: Hotel Tivoli Sao Paulo - Mofarrej
    (Jardins room)
    Sao Paulo - SP
    Telephone for connection: +55 11 2188 0155
    Code: Ultrapar

    International conference call
    November 12th, 2010
    12:00 p.m. (US EST)
    Participants in the USA: +1 800 418 6854
    Participants in Brazil: 0800 891 9722
    Participants International: +1 973 200 3114
    Code: Ultrapar or 18571880

    IR Contact
    ----------
    E-mail: invest@ultra.com.br
    Telephone: + 55 11 3177 7014
    Website: www.ultra.com.br

Ultrapar Participacoes S.A.

UGPA4 = R$ 101.80/share (09/30/10)

UGP = US$ 61.20/ADR (09/30/10)

SOURCE Ultrapar Participacoes S.A.

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