Cia. Hering announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net revenues of BRL 452,368,000 against BRL 432,125,000 a year ago. Operating income before financial results was BRL 64,882,000 against BRL 46,275,000 a year ago. Net income for the period was BRL 86,017,000 against BRL 50,949,000 a year ago. Basic earnings per share were BRL 0.5328 against BRL 0.3167 a year ago. EBITDA was BRL 81,503,000 against BRL 60,951,000 a year ago. Cash provided by operating activities was BRL 61,487,000 against BRL 26,271,000 a year ago. Purchase of property, plant and equipment was BRL 17,577,000 against BRL 25,960,000 a year ago. Purchase of intangible was BRL 6,589,000 against BRL 11,096,000 a year ago. Free cash flow was BRL 30,754,000 against negative free cash flow of BRL 2,428,000 a year ago.

For the full year, the company reported net revenue was BRL 1,562,321,000 against BRL 1,475,137,000 a year ago. Operating income before financial results was BRL 199,748,000 against BRL 150,922,000 a year ago. Net income for the period was BRL 263,781,000 against BRL 199,417,000 a year ago. Basic earnings per share were BRL 1.6372 against BRL 1.2396 a year ago. EBITDA was BRL 260,937,000 against BRL 207,569,000 a year ago. Cash provided by operating activities was BRL 250,999,000 against BRL 287,746,000 a year ago. Purchase of property, plant and equipment was BRL 40,197,000 against BRL 31,964,000 a year ago. Purchase of intangible was BRL 18,651,000 against BRL 19,350,000 a year ago. Free cash flow was BRL 140,222,000 against BRL 209,370,000 a year ago.

For the quarter, the company reported write-off of fixed assets of BRL 146,000 against BRL 203,000 a year ago.

For the year of 2018, the company expects cash flow from operation of BRL 53,643,000.