CSU Announces Its 4Q07 Results
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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