CSU Announces Its 4Q07 Results

Thu Mar 13, 2008 10:20pm EDT
 
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CSU CardSystem S.A. Continues to Improve its Performance

SAO PAULO, Brazil, March 13 /PRNewswire-FirstCall/ -- CSU CardSystem S.A.
(BOVESPA: CARD3 and PORTAL: CSURY) today announces its results for the fourth
quarter of 2007 (4Q07). The following financial and operating information,
except where otherwise indicated, is presented according to the requirements
of Brazilian legislation (BR GAAP) and in millions of Brazilian reais (R$).
Comparisons refer to the fourth quarter of 2006 (4Q06).
    HIGHLIGHTS

    --  Reflecting the good performance of CSU in the credit cards segment,
        CSU returned to posting profits in the 4Q07, its EBITDA increasing
        121% over the 4Q06;

    --  CSU's Gross Revenue during 4Q07 reached R$ 86.2 million, a growth of
        5.8% over the 4Q06. CardSystem/MarketSystem registered 22.2% growth in
        their operations while TeleSystem/Credit&Risk registered a 7.0%
        slowdown in their operations;

    --  CardSystem's average card base grew 35.5% between the 4Q06 and the
        4Q07, contributing to the 21.9% upturn in its Gross Revenue during the
        period -- posting successive records of sales of new cards;

    --  The 4Q07 was marked by important business achievements at
        CardSystem/MarketSystem, with the acquisition of two clients, Porto
        Seguro and Riachuelo, in addition to Carrefour and Omni, acquired in
        the 3Q07, which will leverage sales in the 1H08.

    --  The focus on profitability in operations and cost reduction helped
        EBITDA to reach R$ 11.3 million in the 4Q07 or 14.1% of Net Revenue.
        This represents a growth of 121.5% in volume and 7.3 p.p. in relation
        to Net Revenue, when compared with the 4Q06;

    --  With the net income of R$0.4 million in the 4Q07, CSU reached break
        even in the second half of 2007, against R$ 10.0 loss in the first
        half. This is the result of management's efforts to control costs and
        reduce expenditure.


                       Conference call of 4Q07 Results

                            Friday, March 14, 2008

    Portuguese                             English

    10.00 am (NY)                          12.00 pm (NY)
    11.00 am (Brasilia)                    13.00 pm (Brasilia)
    Tel.: +55 (11) 2101-4848               Tel.: +1 (973) 935-8893
    Replay: +55 (11) 2101-4848             Replay: +1 (706) 645-9291
    Code: CSU                              Code: 38668183


SOURCE  CSU CardSystem S.A.

IR Contact: Decio Burd, IR Officer of CSU CardSystem S.A., +55-11-2106-3739,
investidorescsu@csu.com.br

 

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