Fras-le announces Third Quarter/Nine Month 2017 Results

CAXIAS DO SUL, Brazil, Nov. 7, 2017 /PRNewswire/ -- Fras-le S.A. (B3 – "FRAS3"), a member of the Randon Companies, the largest manufacturer of friction materials in South America and a leader worldwide, announces its results for the third quarter and nine months ended 2017. The Company's financial information is consolidated in accordance with International Financial Reporting Standards – IFRS.

MAIN RESULTS – 3Q17 | 9M17
(Percentages indicate variations with the respective periods of 2016 – Amounts in millions of reais)

Consolidated net revenues:
3^rd quarter 2017: R$ 218.9 (+11.4%) | 9 months 2017: R$ 611.3 (-1.1%)

Net revenues in the domestic market:
3^rd quarter 2017: R$ 110.9 (+12.5%) | 9 months 2017: R$ 299.7 (+8.7%)

Net revenues in the international market:
3^rd quarter 2017: R$ 108.0 (+10.4%) | 9 months 2017: R$ 311.6 (-8.9%)

Billing international market (exports + foreign operations):
3^rd quarter 2017: US$ 37.4 (+8.5%) | 9 months 2017: US$ 97.6 (-3.2%)

Consolidated gross income:
3^rd quarter 2017: R$ 60.8 (+23.4%) | 9 months 2017: R$ 156.8 (-13.8%)

Operating Income:
3^rd quarter 2017: R$ 19.6 (+46.6%) | 9 months 2017: R$ 49.4 (-37.6%)

EBITDA:
3^rd quarter 2017: R$ 29.2 (24.4%) | 9 months 2017: R$ 77.4 (-29.2%)

Consolidated net income:
3^rd quarter 2017: R$ 15.9 (-29.6%) | 9 months 2017: R$ 53.7 (+0.6%)

CONFERENCE CALL TO DISCUSS RESULTS
(In Portuguese, with simultaneous interpretation into English)
November 7, 2017 (Tuesday)
11:00 a.m. (Brasília) | 8:00 a.m.New York | 1:00 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: + 1 646 828-8246 or +1 786 924-6977 and +1 888 700-0802 | Password: FRAS-LE.

WEBCASTING
Portuguese: www.choruscall.com.br/fras-le/3t17.htm  Simultaneous interpretation: www.choruscall.com.br/fras-le/3q17.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.