EUCATEX Reports Net Income of R$ 30.7 Million for the First Semester of 2008,
a 48.4% Growth Compared to 1H07
SAO PAULO, Brazil, Aug. 13 /PRNewswire-FirstCall/ -- Eucatex (Bovespa:
EUCA3 and EUCA4; Bloomberg: EUCA3 BZ and EUCA4 BZ), one of the largest
manufacturers of hardboard and medium density particleboard (MDP) in Brazil,
with operations also in the paint and varnish, laminate flooring, partitions,
mineral products and agricultural substrate sectors, announces its results for
the first half of 2008 (1H08). The financial and operating information
presented herein, except where stated otherwise, is audited and presented on a
consolidated basis in Brazilian real (R$), pursuant to Brazilian corporate
legislation.
Period Highlights:
-- Gross Revenue totaled R$ 418.7 million in the semester, a 13.5% growth
compared to 1H07. Gross Revenue increase in the semester was mainly due
to higher domestic sales volumes, notably the 34% growth in paints, 15%
in laminate flooring, and 8% in wood panels.
-- EBITDA and EBITDA Margin stood at R$ 66.0 million and 19.5%,
respectively, in the 1H08, an increase of 32.3% and 3.1 p.p. over 1H07.
-- Net income was R$ 30.7 million in the 1H08, which is 48.4% higher than
in the previous year.
-- New T-HDF (Thin-High Density Fiberboard) Line project: Work on the
installation of the new T-HDF line in Salto (Sao Paulo State),
including the new wood yard, is according to schedule. The project is
expected to be concluded in the first half of 2009.
The complete 1H08 Earnings Release is available at our investor relations
website: www.eucatex.com.br/ir
Conference Call
Portuguese only - August 14, 2008 (Thursday)
Time: 11:00 a.m. (Brasilia) / 10:00 a.m. (US-ET)
Phone: +55 (11) 2188 0188
Webcast: www.eucatex.com.br/ri
SOURCE Eucatex
IR Contact: Jose Antonio Goulart de Carvalho, Executive Vice President and
Investor Relations Officer - IRO, +55-11-3049-2361, ri@eucatex.com.br
