COPEL Announces Results for the Third Quarter of 2008
CURITIBA, Brazil, Nov. 13 /PRNewswire-FirstCall/ — Companhia Paranaense de Energia – COPEL (NYSE: ELP; LATIBEX: XCOP; BOVESPA: CPLE3; CPLE5; CPLE6), a company that generates, transmits and distributes power to the State of Parana, announces its results for the third quarter of 2008. All figures included in this report are in Reais and were prepared in accordance with Brazilian GAAP.
This report presents cumulative data through September 2008 compared with the same period in the previous year.
— COPEL’s consolidated financial statements present, in addition to the figures of the wholly owned subsidiaries COPEL Geracao e Transmissao, COPEL Distribuicao, COPEL Telecomunicacoes and COPEL Participacoes, those of Compagas, Elejor, UEG Araucaria and Centrais Eolicas do Parana (companies in which COPEL retains a majority stake). From January 2008 on, Domino Holdings started to be partially consolidated (45%).
— Net operating revenues: R$ 4,056 million — a 6.0% increase compared with the first nine months of 2007 (9M07).
— Operating income: R$ 1,298 million, up 8.9% year-on-year.
— Net income: R$ 899 million (R$ 3.29 per share) — 13.2% variation versus the first nine months of 2007. In 3Q08 alone, net income reached R$ 286 million.
— EBITDA (earnings before interest, taxes, depreciation and amortization): R$ 1,477 million. In 3Q08 alone, EBITDA stood at R$ 437 million.
— Return on net equity: 12.7%.
— Total power consumption billed by COPEL to captive customers rose 6.4% over 9M07. COPEL Distribuicao’s grid market grew 6.6%.
— From January through September 2008, the prices of COPEL’s shares and the main indexes variation are as follows:
CPLE3 (common/Bovespa) = -5.08% IBOVESPA = -22.45%: CPLE6 (preferred B/Bovespa) = -1.49% DOW JONES (NYSE) = -18.20% ELP (ADR/NYSE) = -9.08% LATIBEX = -25.93% XCOP (preferred B/Latibex) = -8.87% 3Q08 Results Conference Call Date: Friday, November 14, 2008 Time: 8:30 a.m. (EST) Telephone: (1) 786-924-6977 Code: COPEL Contacts: Investor Relations - COPEL Solange Elizabeth Maueler Gomide Telephone: Fax: +55 (41) 3222-2027 +55 (41) 3331-2849 E-mail: email@example.com
CONTACT: Solange Elizabeth Maueler Gomide, COPEL Investor Relations,+011-55-41-3222-2027, fax, +011-55-41-3331-2849