Fertilizantes Heringer : S.A. announces 2Q17 and 1H17 Earnings
August 10, 2017 at 10:16 pm
Share
Fertilizantes Heringer S.A. announces
2Q17 and 1H17 Earnings
Viana, Brazil, August 10, 2017 - Fertilizantes Heringer (BM&FBOVESPA: FHER3)announces today its results for the second quarter of 2017 (2Q17) and first half of 2017 (1H17).
Periods Highlights:
Delivery volume totaled 761 thousand metric tons of fertilizers in 2Q17, 9.2% lower than the 838 thousand metric tons in 2Q16. Delivery volume totaled 1,617 thousand metric tons of fertilizers in 1H17, 10.9% lower than the 1,816 thousand metric tons in 1H16;
Net revenue came to R$813.8 million in 2Q17, 18.2% lower than the R$994.8 million recorded in 2Q16; net revenue fell by 21.2% in 1H17, from R$2,309.3 million in 1H16 to R$1,820.1 million;
EBITDA was a negative R$38.9 million in 2Q17, versus a negative EBITDA of R$10.2 million in 2Q16. EBITDA totaled R$5.9 million in 1H17, less than the R$26.6 million in 1H16;
Net loss came to R$99.5 million in 2Q17, which was also impacted by the depreciation of the real in the period, versus a net loss of R$33.3 million in 2Q16. The net loss recorded in 1H17 totaled R$92.6 million, which was worse than the net loss of R$31.7 million recorded in 1H16;
The deliveries of specialty products fell in both periods, by 22.3% in 2Q17 and 17.3% in 1H17, over the same periods in 2016. In 2Q17, the delivery of specialty products totaled 338 thousand metric tons, while in 1H17 it reached 755 metric tons.
The net debt/EBITDA ratio fell to 4.6x on June 30, 2017, versus 5.8x on June 30, 2016;
The Company recorded positive free cash flow of R$63.5 million in 2Q17, versus a negative RS$5.2 million in 2Q16;
For the 2Q17 and 1H17 Earnings Release, click here.
The Company will be hosting a Conference Call on 2Q17 Earnings, on FRIDAY, August 11, as follows:
Conference Call in Portuguese (simultaneouslytranslated into English)Friday, August 11, 201710:00 a.m. US ET | 11:00 a.m. (Brasília time)
Connecting number: +1 (516) 300 1066
Code: Fertilizantes Heringer
Webcast: click here
The slide presentation will be available on Heringer's IR website prior to the beginning of the Conference Call.
For further information, please contact the IR department:
Fertilizantes Heringer SA published this content on 10 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 August 2017 21:15:05 UTC.
Original documenthttp://www.heringer.com.br/heringer/web/conteudo_en.asp?idioma=0&tipo=2305&conta=44&id=248596
Public permalinkhttp://www.publicnow.com/view/725597FE4BA8BF484B1C534B30A590D3ACE102D1
Fertilizantes Heringer SA is a Brazil-based company primarily engaged in the production, marketing and distribution of fertilizers under the Heringer brand name. The Company organizes its business into two segments: Industrial, which constists of sulfuric acid and single super phosphate (SSP) production plant, and Mixing Plants segment, which includes fertilizer mixing industrial units. As of December 31, 2011, the Company operated 19 fertilizer mixing plants. The Companyâs products are used in the crop production sector, including farming of cane, soybeans, corn and coffee, among others. Through its subsidiary Logfert Transportes SA, the Company is also involved in the road transport operations. On January 4, 2012, it acquired Maxifertil Fertilizantes Ltda, located in the municipality of Porto Alegre. On June 29, 2012, the Company completed the operation of merger by incorporation of its subsidiary Maxifertil Fertilizantes Ltda.
FERTILIZANTES HERINGER S.A. 
