Hypermarcas Reports 2Q08 Earnings Results

Tue Aug 12, 2008 11:20pm EDT
 
[-] Text [+]
SAO PAULO, Brazil, Aug. 12 /PRNewswire-FirstCall/ -- Hypermarcas S.A.
(Bovespa: HYPE3; Reuters: HYPE3.SA; Bloomberg: HYPE3 BZ) announced today its
results for the second quarter of 2008 (2Q08). The results are presented on a
consolidated basis, in accordance with Brazilian Corporate Law.
    -- Hypermarcas' IPO was concluded with gross proceeds of R$612.4 million,
which will be used to acquire new companies, assets and brands, and to invest
in the marketing of new products and brands as described in the final
prospectus of the IPO.
    -- Adjusted net income* of R$64.0 million or R$ 0.40 per share,
accompanied by a margin of 24.1%.
    -- Adjusted EBITDA ** of R$69.6 million, accompanied by a margin of 26.2.
    -- Gross margin of 60.1%.
    -- Net debt of R$207.8 million on June 30, 2008, including the R$596.9
million amounts payable (acquisition installments).
    -- Leverage (Net Debt/Adjusted EBITDA) of 0.7x and adjusted EBITDA for the
last four quarters totaled R$280.5 million.
     Martim Prado Mattos
     Investor Relations Director
     Telephone: +55 (11) 4166-1050
     E-mail: ri@hypermarcas.com.br
     IR Website: www.hypermarcas.com.br/ri


     Conference Call (in English)
     Date: August 13th, 2008
     Time: 01:00 p.m. (NY time)
           02:00 p.m. (Brasilia time)
     Telephone: +1 (973) 935-8893
     Replay: +1 (706) 645-9291 (available until 08/20)
     Access Code: 54793033

     Conference Call (in Portuguese)
     Date: August 13th, 2008
     Time: 02:30 p.m. (NY time)
           03:30 p.m. (Brasilia time)
     Telephone: +55 (11) 2188-0188
     Replay: :+55 (11) 2188-0188 (available until 08/20)
     Access Code: Hypermarcas


SOURCE  Hypermarcas S.A.

Martim Prado Mattos, Investor Relations Director of Hypermarcas S.A.,
+55-11-4166-1050, ri@hypermarcas.com.br

 

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