Welcome!

News Feed Item

CCR S.A.: Results for the 4th Quarter and the Year of 2013

SAO PAULO, March 12, 2014 /PRNewswire/ --  CCR S.A. (CCR), Brazil's largest road concession operator in terms of revenue, announces its results for the fourth quarter (4Q13) and the year of 2013.

Highlights

  • Consolidated traffic grew by 8.4% in 4Q13 and 6.0% in 2013.
  • The number of STP (electronic payment) users increased by 14.1% over December 2012, reaching 4,303,000 active tags.
  • Same-basis² adjusted EBITDA increased by 10.3% in 4Q13 and 12.8% in 2013, with margins of 65.3% and 65.7%, respectively.
  • The Company received the net amount of R$95.0 million from the sale of interest in STP, corresponding to approximately 4.012% of its capital stock.

Financial Indicators (R$ MM)

4Q12

4Q13

Chg %

2012

2013

Chg %



Net Revenues1

1,250.3

1,376.4

10.1%

4,659.0

5,206.5

11.8%


Adjusted Net Revenues on the same basis2

1,250.3

1,355.5

8.4%

4,659.0

5,154.4

10.6%


EBIT

624.3

754.6

20.9%

2,318.5

2,672.2

15.3%


Adjusted EBIT Mg.3

49.9%

54.8%

+4.9 p.p.

49.8%

51.3%

+1.5 p.p.


EBIT on the same basis2

624.3

762.2

22.1%

2,318.5

2,677.4

15.5%


EBIT Mg. on the same basis2

49.9%

56.2%

+6.3 p.p.

49.8%

51.9%

+2.1 p.p.


Adjusted EBITDA4

802.9

977.1

21.7%

3,002.1

3,486.1

16.1%


Adjusted EBITDA Mg.3

64.2%

71.0%

+6.8 p.p.

64.4%

67.0%

+2.6 p.p.


Adjusted EBITDA on the same basis2

802.9

885.7

10.3%

3,002.1

3,386.4

12.8%


Adjusted EBITDA Mg. on the same basis2

64.2%

65.3%

+1.1 p.p.

64.4%

65.7%

+1.3 p.p.


Net Income

347.5

306.4

-11.8%

1,177.3

1,351.0

14.8%


Net Debt / Adjusted EBITDA LTM (x)

2.2

2.0

-

2.2

2.0

-


Adjusted EBITDA / Performed investments (x)

2.8

2.7

-

3.9

3.5

-


Adjusted EBITDA / Interest and Monetary Variation (x)

6.2

5.2

-

5.0

5.8

-


 

1 Net operating revenue excludes construction revenue.

2 Adjustment excluding Metro Bahia, Curacao and the non-recurring effect from the sale of the interest in STP. 

3 The Adjusted EBIT and EBITDA margins were calculated by dividing EBIT and EBITDA by net revenue, excluding construction revenue, as required by IFRS, whose counter-entry of the same amount impacts total costs.

4 Calculation excludes non-cash expenses: depreciation and amortization, the provision for maintenance and the recognition of prepaid concession expenses.

Upcoming Events

Conference Calls

 

In Portuguese:

In English:

Thursday, March 13, 2014

Thursday, March 13, 2014

11:00 a.m. Sao Paulo / 10:00 a.m. New York

12:00 p.m. Sao Paulo / 11:00 a.m. New York

Telephones: (+55 11) 4688-6361

Brazil: (+55 11) 4688-6361

Code: CCR

Other Countries: (+1) 786-924-6977

Replay: (+55 11) 4688-6312

US: (+1) 888-700-0802

Code: 8988691#

Code: CCR


Replay: (+55 11) 4688-6312


Code: 4295166#

 

Webcast: www.ccr.com.br/investidores





IR Contacts
Marcus Macedo (+55 11) 3048-5941
Flavia Godoy: (+55 11) 3048-5955
Daniel Kuratomi: (+55 11) 3048-6353
Leandro Mathias: (+55 11) 3048-2108 

 

 

SOURCE CCR S.A.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...