JSL announces its 4Q10 Earnings Release

Highlights:

• Record gross revenue of R$ 2.3 billion (+36.9%) in 2010 and R$ 632.8 million in 4Q10 (+36.3%);
• Gross Service revenue of R$ 1.9 billion in 2010 (+25.0%), represented by:
  +34.9% in Dedicated Services;
  +20.3% in Management and Outsourcing;
• A 16.5% increase in Revenue from Same Contracts;
• Total net Revenue of R$ 2.0 billion during the year (+37.3%) and R$ 567.9 million in 4Q10 (+40.3%);
• Net income of R$ 93.0 million in 2010 (+52.0%) and R$ 25.6 million in 4Q10;
• EBITDA-A¹ of R$ 553.0 million (+50.4%) and EBITDA-A margin of 27.3% (+2.4 p.p.) in 2010. In 4Q10, EBITDA-A was R$ 148.0 million (+22.5%);
• Traditional EBITDA of R$ 330.1 million (+41.4%), with EBITDA margin of 16.3% (+0.5 p.p.) in 2010. In 4Q10, EBITDA was R$ 90.3 million (+22.8%);
• Brand change to JSL integrating the operations of Julio Simões, Lubiani and Grande ABC;
• Assignment of a long term (local scale) corporate rating of ‘A(bra)’ by Fitch Ratings;
• Issue of R$ 250.0 million in debentures in December, with terms of 4, 5 and 6 years, extending the average term of the company’s debt.

For more information, click here.