In 1Q09 Ultrapar reports another quarter of strong earnings growth, even in a challenging economic environment. Additionally, at the end of the quarter, Texaco's acquisition was closed, significantly increasing our operational scale in the distribution of fuels and reaching nationwide coverage.
-- REVENUES GROW IN ALL BUSINESS UNITS IN 1Q09 COMPARED TO 1Q08
-- ULTRAPAR'S EBITDA REACHES
-- TEXACO'S ACQUISITION CLOSED ON
"We have successfully taken another important step in our growth plan with the closing of the acquisition of Texaco, which will be consolidated in our results from the second quarter 2009 on. Our focus now is on integrating Texaco into Ultrapar and implementing Ipiranga's business model in order to capture the benefits from the increased operational scale and nationwide coverage. Simultaneously, despite the economic slowdown, we continue to report strong earnings growth, which, combined with the benefits derived from recent investments and the lower level of investments expected in 2009, will allow significant cash generation for Ultrapar, preserving our sound financial position and contributing to the sustainable growth of our business."
Pedro Wongtschowski - CEO Results Conference Call Brazilian conference call Date: May 15, 2009 10:00 a.m. (US ET) Dial in number: +55 11 2101 4848 Code: Ultrapar International conference call Date: May 15, 2009 11:30 a.m. (US ET) Participants in Brazil: 0800 891 9722 U.S. participants: +1 800 418 6854 International participants: +1 973 200 3114 Code: Ultrapar Contact: Ultrapar Investor Relations Department +55-11-3177-7014
SOURCE Ultrapar Participacoes S.A.