SAO PAULO, Feb. 22, 2017 /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 fourth quarter and the year 2016.
4Q16 and 2016 Highlights
- ULTRAPAR'S EBITDA REACHES R$ 1.1
BILLION IN 4Q16 AND R$ 4.2
BILLION IN 2016, A 5% DROP FROM 4Q15, WHEN WE HAD A STRONG
COMPARISON BASE, AND 7% UP OVER 2015
- ULTRAPAR'S NET EARNINGS REACH R$ 436
MILLION IN 4Q16 AND R$ 1,571
MILLION IN 2016, 12% DROP FROM 4Q15 AND 4% UP OVER 2015
- ULTRAPAR'S CAPEX TOTALED R$ 1.9
BILLION IN 2016
- COMPLEMENTARY DIVIDEND DISTRIBUTION OF R$ 473 MILLION APPROVED, RESULTING IN A TOTAL
DIVIDEND DISTRIBUTION OF R$ 907
MILLION IN 2016, 4% GROWTH OVER 2015
"In our nearly 80 years of history, the year 2016 was
very special. We posted positive results and implemented important
strategic initiatives, despite the challenges in the political and
economic environment. We announced the signing of the agreements to
acquire Ale and Liquigas, both subject to approval by the Brazilian
Anti-Trust Authority, as well as the creation of a new lubricants
company in partnership with Chevron. Furthermore, we started the
construction of a new Oxiteno plant in Texas, indicative of our expansion program in
the US, we accelerated the expansion of Extrafarma, and we expanded
our operating efficiency programs at all businesses with ongoing
improvements to our processes. We remain confident in the potential
of growth and value creation of our businesses, and in the
execution capability of our team. In 2017, we plan to invest more
than R$ 2 billion which combined with
the initiatives already announced, will prepare the company for a
new growth cycle in the coming years. "
Thilo Mannhardt
CEO
Results conference call
Brazilian conference call
February 23, 2017
09:00 a.m. (US EST)
Telephone for connection: +55 11 2188 0155
Code: Ultrapar
International conference call
February 23, 2017
10:30 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
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SOURCE Ultrapar Participacoes S.A.