Ultrapar Announces Its 3Q09 Results

November 11, 2009 5:08 PM EST

SAO PAULO, Nov. 11 /PRNewswire-FirstCall/ -- Ultrapar Participacoes S.A. (BMF&BOVESPA: UGPA4 / NYSE: UGP), a company engaged in fuel distribution (Ultragaz/Ipiranga), chemicals (Oxiteno) and logistics for liquid bulk (Ultracargo), hereby reports its results for the third quarter 2009.

We report another quarter of positive evolution in our results, with significant growth in EBITDA and in net earnings compared with the third quarter 2008 and the second quarter 2009. We also advanced in the implementation of our business plan on Texaco, having successfully completed the integration of Texaco's and Ipiranga's systems.

- ULTRAPAR'S EBITDA REACHES R$ 371 MILLION WITH GROWTH OF 39% AND 16% OVER 3Q08 AND 2Q09, RESPECTIVELY

- ULTRAPAR'S NET EARNINGS REACH R$ 133 MILLION WITH GROWTH OF 9% AND 43% OVER 3Q08 AND 2Q09, RESPECTIVELY

- STANDARD & POOR'S UPGRADES ULTRAPAR'S CREDIT RATING TO INVESTMENT GRADE

"More than a year after the beginning of the global financial crisis, we report the fourth consecutive quarter of results growth, according to the resilience of our businesses and the benefits from the investments we made. The consistency in our results growth and the gains from the increased operational and administrative scale, combined with our prudent financial management, allowed us to be assigned the investment grade rating by Standard & Poor's as well. Those elements reinforce our track record of sustained value growth, shown throughout these 10 years since our IPO." Pedro Wongtschowski - CEO

    Results Conference Call

    Brazilian Conference Call / APIMEC
    November 13, 2009
    9:30 a.m. (US EST)
    Location: Hotel Unique (Tavarua Room)
    Sao Paulo, Brazil
    Telephone for connection: +55 11 2188 0188
    Code: Ultrapar

    International Conference Call
    November 13, 2009
    12:00 p.m. (US EST)
    Participants Brazil: 0800 891 9722
    Participants US: +1 800 418 6854
    Participants International: +1 973 200 3114
    Code: Ultrapar

    IR Contact
    E-mail: invest@ultra.com.br
    Telephone: + 55 11 3177-7014
    Website: www.ultra.com.br

    Ultrapar Participaes S.A.
    UGPA4 = R$ 71.41/share
    UGP = US$ 40.17/ADR
    (09/30/09)

SOURCE Ultrapar Participacoes S.A.

Related Categories

Press Releases

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?