Fras-le announces results for the year ended 2017 and 4Q17

CAXIAS DO SUL, Brazil, March 13, 2018 /PRNewswire/ -- Fras-le S.A. (B3 – "FRAS3"), a member of the Randon Companies, the largest manufacturer of friction materials in Latin America and a leader worldwide, announces its results for the fourth quarter and year ended 2017. The Company's financial information is consolidated in accordance with International Financial Reporting Standards – IFRS.

PRINCIPAL RESULTS – 2017 | 4Q17

(Percentages indicate variations with the same periods of 2016 – amounts in millions of reais)

Consolidated net income:
2017: R$ 832.8 (+2.5%) | 4Q17: R$ 221.5 (+13.7%)

Net revenues in the domestic market:
2017: R$ 418.1 (+13.1%) | 4Q17: R$ 118.4 (+26.0%)

Net revenues in the international market:
2017: R$ 414.7 (-6.4%) 4Q17: R$ 103.1 (+2.2%)

Billing External Market (Exports + Foreign Operations):
2017: US$ 129.5 (+2.1%) | 4Q17: US$ 31.9 (+22.7%)

Consolidated gross income:
2017: R$ 217.2 (-6.4%) | 4Q17: R$ 60.3 (+20.4%)

Operating Income:
2017: R$ 65.2 (-21.9%) | 4Q17: R$ 15.8 (+259.8%)

EBITDA:
2017: R$ 106.4 (-13.9%) | 4Q17: R$ 29.0 (+102.7%)

Consolidated net income:
2017: R$ 64.2 (-0.5%) | 4Q17: R$ 10.5 (-5.6%)

CONFERENCE CALL TO DISCUSS RESULTS
(In Portuguese, with simultaneous interpretation into English)
March 13, 2018 (Tuesday):
11:00 a.m. (Brasília) | 10:00 a.m.New York | 2:00 p.m.London

Dial-in with connections in Brazil: +55 11 3193-1001 or +55 11 2820-4001| Password: FRAS-LE;
Dial-in with connections in the USA: 1 800 49-3904 (Toll free) | +1 646 828-8246 (New York)
Password: FRAS-LE;
WEBCASTING
Portuguese: www.choruscall.com.br/fras-le/4t17.htm
Simultaneous interpretation: www.choruscall.com.br/fras-le/4q17.htm

IR Contact
E-mail: ri@fras-le.com 
Site: http://ri.fras-le.com.br

Hemerson Fernando de Souza
Telephone: +55 54 3239.1519

Roberto Pezzi
Telephone: +55 54 3239.1532

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SOURCE Fras-le S.A.