SAO PAULO, Aug. 10, 2016 /PRNewswire/ -- Ultrapar
Participacoes S.A. (BM&FBOVESPA: UGPA3 / NYSE: UGP), a
multi-business company engaged in specialized distribution and
retail (Ipiranga / Ultragaz / Extrafarma), specialty chemicals
(Oxiteno) and storage for liquid bulk (Ultracargo), hereby reports
its results for the second quarter of 2016.
Main highlights in 2Q16:
- ULTRAPAR'S NET REVENUES TOTAL R$ 19
BILLION IN 2Q16, A 4% GROWTH OVER 2Q15.
- ULTRAPAR'S EBITDA REACHES R$ 1
BILLION IN 2Q16, A 19% GROWTH OVER 2Q15.
- ULTRAPAR'S NET EARNINGS REACH R$ 367
MILLION IN 2Q16, AN 11% GROWTH OVER 2Q15.
- DIVIDEND DISTRIBUTION OF R$ 435
MILLION FOR 1H16 APPROVED, WITH A 58% PAYOUT RATIO.
- ULTRAPAR ANNOUNCES ACQUISITION OF THE FUEL DISTRIBUTOR ALE,
WITH INVESTMENTS OF R$ 2,168 MILLION,
CONTINUING ITS EXPANSION STRATEGY.
- ULTRAPAR ENTERS INTO A JOINT VENTURE AGREEMENT WITH CHEVRON TO
CREATE A NEW COMPANY IN THE LUBRICANTS BUSINESS.
"2Q16 marks an important achievement for Ultra. We reached
our 40th consecutive quarter of year-over-year growth in
EBITDA. This 10-year period of growth is a proof of the resilience
of our businesses and our teams' promptness to overcome challenges
and take advantage of opportunities, both during years of economic
expansion and deceleration in Brazil. Our confidence in our business model
was reaffirmed in two strategic moves we recently announced. In
June we entered into an agreement to acquire Ale's network, and
last week we announced the partnership with Chevron in the
lubricants market. Ultra has always invested in its businesses, in
its people, in the relationship with its stakeholders and in the
country. We have built a differentiated position in our markets to
reap the benefits of the economic recovery, and we will continue to
pursue ways to grow in a responsible and sustainable
manner."
Thilo Mannhardt – CEO
Results conference call
Brazilian conference call
August 12, 2016
10:00 a.m. (US EST)
Sao Paulo – SP
Telephone for connection: +55 11 2188 0155
Code: Ultrapar
International conference call
August 12, 2016
11:30 a.m. (US EST)
Participants in Brazil: 0800 891
0015
Participants in the USA: +1 844
836 8738
International participants: +1 412 317 5430
Code: Ultrapar
IR Contact
E-mail: invest@ultra.com.br
Telephone: + 55 11 3177 7014
Website: www.ultra.com.br
Ultrapar Participacoes S.A.
UGPA3 = R$ 71.11/share (06/30/16)
UGP = US$ 22.01/ADR (06/30/16)
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SOURCE Ultrapar Participacoes S.A.