|By PR Newswire||
|August 6, 2014 06:51 PM EDT||
RIO DE JANEIRO, Aug. 6, 2014 /PRNewswire/ -- Mills Estruturas e Servicos de Engenharia S.A. (Mills) presented in the second quarter of 2014 (2Q14) growth in net revenues and EBITDA, showing higher gross and EBITDA margins, compared to the same period of last year. Main highlights of Mills 2Q14 performance:
- Rental revenues of R$ 175.7 million, 5.3% higher than the second quarter of 2013 (2Q13).
- Net revenue of R$ 213.0 million, 0.6% above 2Q13.
- EBITDA of R$ 105.9 million, an increase of 7.0% in relation to 2Q13.
- EBITDA margin of 49.7%, versus 46.7% in 2Q13.
- Net earnings of R$ 33.4 million, impacted by R$ 7.1 million in expenses related to the former business unit Industrial Services. Excluding those, there was a reduction of 15.7% compared to earnings from continuing operations of 2Q13.
- Return on invested capital (ROIC) of 9.2%, or 10.4% excluding non-recurring items, against 14.2% in 2Q13.
- Capex of R$ 54.7 million, of which R$ 48.7 million in rental equipment.
- Positive net cash flow of R$ 10.9 million; first quarter with a positive net cash flow since the IPO.
- Issuance of debentures totaling R$ 200 million, with a 5 year term and interest rate of 108.75% of CDI.
- Proposal for shareholder remuneration totaling a gross amount of R$ 25.1 million, equivalent to R$ 0.196 per share, to be paid as interest on equity, subject to approval at Mills' Shareholders Meeting.
- Succession plan announced: Sergio Kariya, current Rental Officer, will assume the position of CEO from January 1, 2015, when Ramon Vazquez will begin to advise the Board of Directors for five years.
For the complete press release, please click here.
Teleconference and Webcast
Date: Thursday, August 7, 2014
Time: 11:00 (Brasilia time)
Teleconference: +1 786 924-6977 (Dial-in) or +1 888 700-0802 (Toll-free); Code: Mills
Replay: +55 11 3193-1012 or +55 11 2820-4012, Code: 7234428# or www.mills.com.br/ri
For further information, contact: +55-21-2123-3700 or [email protected]
This press release may include declarations about Mills' expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. Mills cannot guarantee that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: the Brazilian economy, capital markets, infrastructure, real estate and oil & gas sectors, among others, and governmental rules that are subject to change without previous notice. To obtain further information on factors that may give rise to results different from those forecasted by Mills, please consult the reports filed with the Brazilian Comissao de Valores Mobiliarios (CVM).
SOURCE Mills Estruturas e Serviços de Engenharia S.A.
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Jul. 24, 2016 10:45 AM EDT Reads: 862
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...
Jul. 24, 2016 10:45 AM EDT Reads: 2,121
Jul. 24, 2016 10:00 AM EDT Reads: 544
Jul. 24, 2016 09:30 AM EDT Reads: 1,054
Jul. 24, 2016 09:00 AM EDT Reads: 1,501
Jul. 24, 2016 09:00 AM EDT Reads: 805
Jul. 24, 2016 08:45 AM EDT Reads: 880
Jul. 24, 2016 08:30 AM EDT Reads: 2,053
Jul. 24, 2016 08:30 AM EDT Reads: 1,459
Jul. 24, 2016 08:15 AM EDT Reads: 1,812
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Jul. 24, 2016 08:15 AM EDT Reads: 1,050
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Jul. 24, 2016 08:15 AM EDT Reads: 1,154
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
Jul. 24, 2016 08:00 AM EDT Reads: 2,278
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.
Jul. 24, 2016 08:00 AM EDT Reads: 734
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Jul. 24, 2016 08:00 AM EDT Reads: 888