ULTRAPAR ADS : Ultrapar Announces its 3Q10 Results
11/10/2010| 06:10pm US/Eastern
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
Sao Paulo - SP
Telephone for connection: +55 11 2188 0155
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
Telephone: + 55 11 3177 7014
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.