Profit of 51.2% increases in Pardini Hermes Q1

São Paulo – the Hermes Pardini has recorded net profit R $31,300,000 in the first quarter of 2017, meaning an increase of 51.2% over the first three months of last year, when was R $20,700,000.
The Ebitda (earnings before interest, taxes, depreciation and amortization) rose by 29.4% in the first quarter, to R $62,100,000.
I''ve adjusted Ebitda, excluding non-recurring effects on the result, R $64,400,000, in the period, an increase of 24.9% compared to the first quarter of 2016, when was R $51,600,000.
The adjusted Ebitda margin, for your time, light reduction from presented 24.5% in the first three months of 2016 to 24.1% between January and March this year.
In a statement to the market, the Hermes Pardini reported that the first quarter of 2017 was marked by the completion of the IPO.
The public offering (IPO) moved more than 46 million common shares, equivalent to approximately R $877,000,000, including offering and further block (Green Shoe).
The company clarified although photographed in primary offer some R $187,000,000 that will be used in expansion projects.
"The IPO is another important step in the development of corporate governance. We as shareholders more than 4,000 individuals and some of the largest and most respected Brazil and resource managers in the world, "said in a statement.
According to the data, the company''s net revenue totaled R $267,400,000 in the first three months of the year, an increase of 27.1% compared to the same period last year.
The acquisition of Guanabara, in December 2016, the PSC to increase your participation in net consolidated revenues of the Hermes Pardini.
In the first quarter of this year, the PSC segment accounted for 47.8% of total net revenue, increase of 3.7 percentage points over the same period last year.