Springs Global Participações S.A. reported earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net revenue was BRL 602.6 million against BRL 548.3 million a year ago. EBITDA was BRL 63.5 million against BRL 46.9 million a year ago. Income from operations was BRL 43.9 million against BRL 26.5 million a year ago. The consolidated net revenue was 9.9% higher than first quarter of 2015, positively impacted by the exchange rate effect in the company´s revenues in US dollars that more than offset lower sales volume. The financial result was a negative BRL 64.1 million in first quarter 2016, against a negative BRL 20.9 million in first quarter 2015, mainly due to a decline of BRL 35.7 million year on year in net exchange rate variations in the company's assets denominated in US dollars.

For 2016, the company expects total net revenue to be BRL 2,400 million- BRL 2,700 million. EBIT to be BRL 160 million - BRL 200 million. EBITDA to be BRL 240 million - BRL 280 million. CAPEX to be BRL 60 million - BRL 70 million.