Wilson, Sons Announces Fourth Quarter 2009 Results; Continued Volume and Earnings Resilience in 4Q & FY’09
(“Wilson, Sons” or “the Company”), announces its results for the Fourth
Quarter of 2009 (“4Q09″ or “Q4 2009″) and for the Full Year 2009 (“FY 2009″ or
“FY’09″).
Highlights
Although
strong Real and global financial crisis have meant continued pressure on
exporters. In contrast to this market stress,
model has seen improved consolidated results for the FY 2009, driven by
positive performance in key business volumes and margins.
FY 2009 EBITDA growth of 4.6% was positively influenced by continued
outperformance in offshore, higher participation of special operations in
towage net revenues and focus on larger and more profitable logistics
operations.
FY’09 Net Income growth of 91.9% reflected margin expansion in EBITDA &
Financial Revenues of
investments of
Capex increased 59.9% in the FY 2009 due to investments in towage and
offshore fleet expansions, as well as new equipment for start-up operations in
the logistics business.
Wilson, Sons’ 4Q & FY’09 Earnings Release is available on line at:
http://www.wilsonsons.com.br/ir
Felipe Gutterres
CFO of the Brazilian subsidiary & Investor Relations Director
Michael Connell
Investor Relations
ri@wilsonsons.com.br
Telephone: +55 (21) 2126-4107
Company Description: Wilson, Sons, through its subsidiaries, is one of
services. With a business track record of over 170 years, the Company has
developed an extensive national network and provides a comprehensive set of
services related to domestic and international trade, as well as to the oil
and gas industry. Its principal operating activities are divided into the
following lines of business: Port Terminals, Towage, Logistics, Shipping
Agency, Offshore, and Non-Segmented Activities.
SOURCE Wilson Sons Limited