Arteris announces its 1Q15 Earnings Release
São Paulo, May 14, 2015.
Arteris (Novo Mercado Bovespa: ARTR3) announces its 1Q15 consolidated earnings results
Tolled Traffic: In 1Q15, the volume of tolled traffic fell by 0.7% over 1Q14, totaling 174.4 million vehicle equivalents.
Toll Plaza Revenue: Toll plaza revenue amounted to R$599 million in the quarter, 4.1% up on 1Q14. The federal highways posted an improvement of 9.6%, while the state highways recorded growth of 0.2%.
Adjusted EBITDA: First-quarter adjusted EBITDA stood at R$365.7 million, 3.1% up year-on-year, accompanied by an adjusted EBITDA margin of 64.6%.
Debt: Net debt closed 1Q15 at R$4.7 billion, 6.3% more than at the end of 4Q14. The leverage ratio, as measured by Net Debt / Adjusted EBITDA less Fixed Concession Fee (last 12 months) was 3.2x.
Investments: Investments in fixed and intangible assets and highway maintenance totaled R$427.5 million in 1Q15.
To download the 1Q15 earnings release, click here.