The opportunity in question comprises the eventual acquisition of 30 stores in the states of São Paulo, Rio de Janeiro, Rio Grande do Sul and Santa Catarina, currently under the Original (Volkswagen), Fiat Ponto, Ford Avante and Transrio (Volkswagen heavy vehicles) brands and the insurance broker. In 2010, the dealership sold 29,173 automobiles and 2,225 heavy vehicles (trucks and busses) and the insurance broker issued 13,897 new policies. In 2010, according to the Concessionárias management, it recorded consolidated gross revenue of R$ 1.3 billion, recurring EBITDA of R$ 23.0 million, recurring net income of R$ 8.1 million and net cash of R$ 20.3 million.
To access the Material Fact, click here.
The company will host a Conference Call to discuss the Material Fact:
Conference Call and Webcast (with Simultaneous Translation into English)
Friday, November 04, 2011
01:30 p.m. (NY Time)
03:30 p.m. (Brasília Time)
Dial-in Phone Numbers
Parties in Brazil: +55 (11) 4688-6361
Parties in other countries: +1 (786) 924-6977
Access Code: JSL
The presentation will be available 10 minutes before the event.
To access the invitation, click here.