Ecovia
2011’s results surpassed the performance posted the previous year. Among the highlights were the 28% increase in net revenue, 11.5% growth of investments and 9.2% rise in the value of EcoRodovias’ shares
Among the results for the year, the following were highlights: 28% growth in net revenue, 11.5% increase in investments and a 9.2% rise in the value of the Company’s shares.
For the purpose of disclosing its financial results for 2011, EcoRodovias prepared its statements pursuant to the rules of the International Financial Reporting Standards (IFRS), and the effects of its adoption are presented in the explanatory notes.
Consolidated net revenue in 2011 totaled R$1,827.4 million, 28% higher than in 2010 due to the growth in toll, logistics and services revenue and the consolidation of the Elog Sudeste and Elog Sul companies.
Operating costs totaled R$1,038.9 million for the year, representing an increase of 37.4% compared to 2010, driven by third-party services, the provision for maintenance of infrastructure and personnel.
EBITDA was R$957.3 million, with a 52.4% margin. Net financial income was an expense of R$183.1 million, 8.2% lower than in 2010.
Net income totaled R$387.6 million in 2011. EcoRodovias ended the year with a balance of cash and financial investments in securities totaling R$671.8 million, and its net debt reached R$1,676.1 million.
Consolidated investments during 2011 totaled R$381.5 million, 14.9% higher than in 2010: for highway concessions the total was R$299.8 million and, in the logistics sector, they were R$60 million. In 2011, added value generated was R$1,262.2 million and the dividend payout totaled R$285.6 million.
The Group’s shares are traded on the BM&FBOVESPA’s Novo Mercado under ticker symbol ECOR3. In 2011, they were added to the BM&FBOVESPA’s IBrX-100 Index and Business Sustainability Index (ISE). In 2012, EcoRodovias is preparing to debut in the port and airport sectors, in future tenders and in acquisitions in the secondary market.
EcoRodovias maintains a transparent relationship with capital market professionals. In regular meetings, through the www.ecorodovias.com.br/ri website and via e-mail (invest@ecorodovias.com.br), shareholders and investors are able to find information they want about the group.