Springs Global Participações S.A. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net revenues of BRL 528.9 million as compared to BRL 516.2 million for the same period last year. Income from operations was BRL 35.5 million as compared to BRL 36.6 million for the same period last year. Loss before taxes was BRL 6.3 million as compared to BRL 11.7 million for the same period last year. Net loss was BRL 6.9 million as compared to BRL 12.0 million for the same period last year. Net cash used in operating activities was BRL 15.1 million as compared to net cash provided by operating activities of BRL 35.2 million for the same period last year. Acquisition of property, plant and equipment was BRL 13.8 million as compared to BRL 8.6 million for the same period last year. Acquisition of intangible assets was BRL 2.1 million as compared to BRL 0.0 million for the same period last year. EBITDA was BRL 53.6 million as compared to BRL 55.0 million for the same period last year.

For the year 2018, the company expects total net revenue to be in the range of BRL 2,120 million to BRL 2,500 million, EBIT to be in the range of BRL 200 million to BRL 240 million, EBITDA to be in the range of BRL 280 million to BRL 320 million, CAPEX to be in the range of BRL 60 million to BRL 70 million.