SAO PAULO, Feb. 22, 2017 /PRNewswire/ -- Ultrapar Participacoes S.A. (BM&FBOVESPA: UGPA3/NYSE: UGP), a multi-business company engaged in specialized distribution and retail (Ipiranga / Ultragaz / Extrafarma), specialty chemicals (Oxiteno) and storage for liquid bulk (Ultracargo), hereby reports its results for the fourth quarter and the year 2016.
4Q16 and 2016 Highlights
- ULTRAPAR'S EBITDA REACHES R$ 1.1 BILLION IN 4Q16 AND R$ 4.2 BILLION IN 2016, A 5% DROP FROM 4Q15, WHEN WE HAD A STRONG COMPARISON BASE, AND 7% UP OVER 2015
- ULTRAPAR'S NET EARNINGS REACH R$ 436 MILLION IN 4Q16 AND R$ 1,571 MILLION IN 2016, 12% DROP FROM 4Q15 AND 4% UP OVER 2015
- ULTRAPAR'S CAPEX TOTALED R$ 1.9 BILLION IN 2016
- COMPLEMENTARY DIVIDEND DISTRIBUTION OF R$ 473 MILLION APPROVED, RESULTING IN A TOTAL DIVIDEND DISTRIBUTION OF R$ 907 MILLION IN 2016, 4% GROWTH OVER 2015
"In our nearly 80 years of history, the year 2016 was very special. We posted positive results and implemented important strategic initiatives, despite the challenges in the political and economic environment. We announced the signing of the agreements to acquire Ale and Liquigas, both subject to approval by the Brazilian Anti-Trust Authority, as well as the creation of a new lubricants company in partnership with Chevron. Furthermore, we started the construction of a new Oxiteno plant in Texas, indicative of our expansion program in the US, we accelerated the expansion of Extrafarma, and we expanded our operating efficiency programs at all businesses with ongoing improvements to our processes. We remain confident in the potential of growth and value creation of our businesses, and in the execution capability of our team. In 2017, we plan to invest more than R$ 2 billion which combined with the initiatives already announced, will prepare the company for a new growth cycle in the coming years. "
Results conference call
Brazilian conference call
February 23, 2017
09:00 a.m. (US EST)
Telephone for connection: +55 11 2188 0155
International conference call
February 23, 2017
10:30 a.m. (US EST)
Participants in Brazil: 0800 891 0015
Participants in the USA: +1 844 836 8738
International participants: +1 412 317 5430
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SOURCE Ultrapar Participacoes S.A.