SÃO MARTINHO S.A. 
By Grupo São Martinho posts Net Profit
of R$131.5 million for 9M of 11/12 harvest
Company discloses financial results and sugar and ethanol production volumes for the season
São Paulo, February
2012 -Grupo São
Martinho, one of
the largest sugar
and ethanol producers
in Brazil, announces
its third-quarter
results for the
11/12 harvest, a
highlight of which
is net income
of R$ 131.5
million in the
nine-month period, a
1% increase relative
to the previous
year.
The Group's Adjusted
EBITDA in the
3Q12 came to
R$ 154.2 million
(with an EBITDA
margin of 40.5%),
down 19.5% compared
to the third
quarter of the
10/11 harvest. In
the 9M12 X
9M11 comparison,
Adjusted EBITDA
declined by 3.6%,
totaling R$ 464.3
million (with an
Adjusted EBITDA margin
of 41.9%). The
main reason for
the reduction in
EBITDA in the
third quarter of
the 11/12 harvest
was lower production
volume, which impacted
sugar and ethanol
sales. It is
worth noting that
the cane fields
in the Center-South
region of Brazil
were affected by
several adverse
weather events this
season, such as
frosts and sugarcane
blooms. These were
the principal reason
for the decline
in production volume
registered by Grupo
São Martinho in
the 11/12 harvest.
The Company's net
profit in the
quarter came to
R$ 44.8 million,
down 35.6% relative
to the same
period the previous
year. That decline
in profit resulted
from the drop
in EBITDA, as
explained above.
The following table
shows the Company's
overall grinding
volumes and associated
sugar and ethanol
production volumes:
As of December 31,
2011, set sugar
prices for the
2012/13 harvest
totaled 295 thousand
tons at an
average price of
USD 24.68 cents/pound.
That amount represents
approximately 42% of
next season's
potential sugar export
volume. The Company
also had secured,
as of the
same date, the
set price of
USD 25.30 cents/pound
for more than
83% of the
inventory available
for sale in
the fourth and
final quarter of
the
2011/12 harvest period.
About Grupo São Martinho
Grupo São Martinho is
one of the
largest sugar-ethanol
producers in Brazil,
with a sugarcane
grinding capacity of
14.5 million tons.
The Group operates
three plants: São
Martinho, in
Pradópolis (in the
Ribeirão Preto region
of São Paulo
State); Iracema, in
Iracemápolis (in the
Limeira region of
São Paulo State)
and Boa Vista
(in Quirinópolis,
300 kilometers from
Goiânia, Goiás State).
The Company also
holds a 32.18%
stake in
Santa Cruz - Açúcar
e Álcool, located
in Américo
Brasiliense, São Paulo
State. The Group's
average mechanized
harvest rate is
85.7% and reaches
100% at the
Boa Vista plant.
For more information,
visit www.saomartinho.ind.br.
| distribué par | Ce noodl a été diffusé par São Martinho SA et initialement mise en ligne sur le site http://www.saomartinho.ind.br. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-02-16 12:40:46 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| Grupo São Martinho posts Net Profit of R$131.5 million for 9M of 11/12 harvest |
