Wilson Sons Limited News
Wilson Sons Reaches Net Revenue of US$404 Million in 2007
RIO DE JANEIRO, March 19 PRNewswire-FirstCall — Wilson Sons Limited (Bovespa: WSON11), one of the largest integrated operators of port and maritime logistics and supply chain solutions provider in the Brazilian market, registered a net revenue of US$404 million in the 2007, up 20.9% compared to 2006 (US$334.1 million). In the quarter, net revenue reached US$117 million, up 28.7% compared to the same period of 2006 (US$ 91 million). This increase resulted mainly from the performance of Port Terminals, Towage and Logistics segments.
The net income increased 39.4%, going from US$ 12.5 million in the quarter ended December 31, 2006, to US$ 17.4 million in the quarter ended December 31, 2007. In the year, the net income grew 32.9%, from US$43.5 million in 2006 to US$57.8 million in 2007.
In 2007, the Company recorded an EBITDA of US$91.4 million, registering a growth of 19.8% up from the US$76.2 million presented in 2006. The EBITDA in the 4Q07 totaled US$ 25.3 million, which represents an increase of 6.9% as compared to the US$ 23.7 million in the 4Q06. The increase in EBITDA resulted mainly from Towage segment.
"The results achieved in 2007 show the efficiency of Wilson Sons businesses, which is based on three key pillars: the strength of the Brazilian foreign trade, the performance of the oil and gas industry in Brazil, and the growth of the Brazilian economy. We believe in and benefit from the synergy between our business segments as a competitive strength for the creation of value and subsequent development of the Company's successful history," says Felipe Gutterres, Wilson Sons CFO and Legal Representative - Investor Relations.
In 2007, the investments totaled US$ 99.2 million, an increase of 135.1% as compared to the US$ 42.2 million in 2006, mainly due to: PSVs constructions, renewal of the tugboat fleet, civil work and equipment acquisitions to the Port Terminals.
SOURCE Wilson Sons Limited
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