|By PR Newswire||
|February 19, 2014 05:24 PM EST||
SAO PAULO, Feb. 19, 2014 /PRNewswire/ -- Ultrapar Participacoes S.A. (BM&FBOVESPA: UGPA3 / NYSE: UGP), a multi-business company engaged in specialized distribution and retail (Ultragaz / Ipiranga / Extrafarma), specialty chemicals (Oxiteno) and storage for liquid bulk (Ultracargo), hereby reports its results for the fourth quarter and the year 2013.
Main highlights in 4Q13 and 2013:
- ULTRAPAR'S NET REVENUES REACH R$ 16 BILLION IN 4Q13 AND R$ 61 BILLION IN 2013, UP 13% OVER 4Q12 AND 2012
- BOOSTED BY INVESTMENTS OF R$ 1.1 BILLION OVER THE YEAR, ULTRAPAR'S EBITDA REACHES R$ 834 MILLION IN 4Q13 AND R$ 2.9 BILLION IN 2013, 22% INCREASE OVER 4Q12 AND 21% OVER 2012, WITH GROWTH IN ALL BUSINESS UNITS
- ULTRAPAR'S NET EARNINGS REACH R$ 371 MILLION IN 4Q13 AND R$ 1.2 BILLION IN 2013, UP 20% OVER 4Q12 AND 2012
- APPROVAL OF DIVIDEND DISTRIBUTION OF R$ 389 MILLION, RESULTING IN TOTAL DIVIDENDS OF R$ 744 MILLION FOR 2013, A 19% GROWTH OVER 2012
"We are pleased to announce our 30th consecutive quarter of earnings growth, closing another year of great achievements and significant growth, as a result of consistent investments to strengthen and expand our businesses, of the unique combination of attributes which allows us to grow and create differentiation in our segments, and of the corporate governance structure designed to align interests and endure the company's growth. Among the achievements in 2013 I highlight the association with Extrafarma, approved by Ultrapar's shareholders on January 31st, 2014, marking our entry into the significant, growing retail pharmacy sector. We enter 2014 with prospects of another positive year for Ultrapar, with an investment plan of R$ 1.5 billion to better serve an increasing number of clients, and also to increase our efficiency and productivity."
Thilo Mannhardt – CEO
Results conference call
Brazilian conference call
February 21st, 2014
9:00 a.m. (US EST)
Sao Paulo – SP
Telephone for connection: +55 11 2188 0155
International conference call
February 21st, 2014
10:30 a.m. (US EST)
Participants in Brazil: 0800 891 0015
Participants in the USA: + 1 877 317 6776
International participants: +1 412 317 6776
Ultrapar Participacoes S.A.
UGPA3 = R$ 55.95/share (12/31/13)
UGP = US$ 23.65/ADR (12/31/13)
SOURCE Ultrapar Participacoes S.A.