Fras-le announces its results for the 2nd quarter and 1st half of 2017

CAXIAS DO SUL, Brazil, Aug. 8, 2017 /PRNewswire/ -- Fras-le S.A., (BM&FBovespa - FRAS3), is a Randon Company that has grown to be the largest manufacturer of friction materials in Latin America and one of the Market leaders worldwide, is pleased to report its results for the second quarter and first half of 2017. The financial and operating information of the Company is consolidated, in compliance with the International Financial Reporting Standards (IFRS).

MAIN RESULTS – 2Q17 | 1H17
(Percentages variations refer to the respective period of 2016 – values in MM)

Consolidated Net Revenue:
second quarter R$ 215.1 (-0.9%) | first half R$ 392.4 (-6.9%)

Domestic market Net Revenue:
second quarter R$ 90.2 (+2.3%) | first half R$ 188.8 (+6.6%)

Foreign market Net Revenue:
second quarter R$ 124.9 (-3.2%) | first half R$ 203.6 (-16.7%)

Sales in the Foreign Market (Exports + overseas units):
second quarter US$ 35.6 (-44,4%) | first half US$ 60.2 (-9.3%)

Consolidated Gross Profit:
second quarter R$ 57.0 (-19.4%) | first half R$ 96.0 (-27.6%)

EBITDA:
second quarter R$ 33.8 (-24.0%) | first half R$ 48.2 (-43.9%)

Consolidated Net Income:
second quarter R$ 27.9 (+45.7%) | first half R$ 37.8 (+22.7%)

CONFERENCE CALL RESULTS
(In portuguese with simultaneous translation to english)

AUG 09th, 2017, (Wednesday);
10:00 AM (Brasília) | 9:00 AM New York | 02:00 PM London;
Dial-in for Brasil: +55 (11) 3193-1001 or +55 (11) 2820-4001 | Ticket: FRAS-LE;
Dial-in for EUA: +1 786 924-6977 or +1 888 700-0802 | Ticket: FRAS-LE.

WEBCASTING
Portuguese: www.choruscall.com.br/fras-le/2t17.htm 
English: www.choruscall.com.br/fras-le/2q17.htm

IR Contact
E-mail: ri@fras-le.com  
Site: http://ri.fras-le.com.br

Hemerson Fernando de Souza
Phone: +55 54 3239.1519

Roberto Pezzi
Phone: +55 54 3239.1532

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SOURCE Fras-le S.A.