This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ultrapar Announces Its 1Q12 Results

SAO PAULO, May 2, 2012 /PRNewswire/ -- Ultrapar Participacoes S.A. (BM&FBOVESPA: UGPA3 / NYSE: UGP), a company engaged in fuel distribution (Ultragaz/Ipiranga), chemicals (Oxiteno) and storage for liquid bulk (Ultracargo), hereby reports its results for the first quarter of 2012.

We present in 1Q12 one more quarter of positive earnings progression, with 7% EBITDA growth. In addition, Ultrapar was recognized by two important international institutions, Fortune Magazine and World Finance, for the quality of its management and corporate governance.

  • VOLUME AND NET REVENUES GROW IN ALL BUSINESSES
  • ULTRAPAR'S NET REVENUES REACH R$ 12 BILLION IN 1Q12, GROWTH OF 15% OVER 1Q11
  • ULTRAPAR EBITDA REACHES R$ 502 MILLION IN 1Q12, UP 7% OVER 1Q11
  • ULTRAPAR IS RANKED THE 5TH MOST ADMIRED ENERGY COMPANY IN THE WORLD BY FORTUNE MAGAZINE AND IS AWARDED THE BEST CORPORATE GOVERNANCE OF BRAZIL BY WORLD FINANCE
  • OXITENO ACQUIRES A PLANT FOR PRODUCTION OF SPECIALTY CHEMICALS IN THE UNITED STATES

"We started 2012, the year Ultrapar completes 75 years of history, with significant accomplishments and achievements, reaping the benefits of the strategy developed and implemented over the last years. In recognition of the quality of management and leadership in corporate governance, Ultrapar was ranked the 5th most admired company in the world in the energy sector by Fortune Magazine and was awarded the best corporate governance in Brazil by World Finance. In addition, we continued with Oxiteno's expansion plan in the United States by acquiring a plant for the production of specialty chemicals in Texas, one of the world's most important chemical hubs, benefiting from competitive raw materials."

Pedro Wongtschowski – CEO

Results conference call Brazilian conference call May 4th, 2012 10:00 a.m. (US EST) Sao Paulo – SPTelephone for connection: +55 11 2188 0155Code: Ultrapar

International conference call May 4th, 2012 11:30 a.m. (US EST)Participants in Brazil: 0800 891 0015Participants in the USA: 1 877 317 6776International participants: +1 412 317 6776Code: Ultrapar

IR Contact E-mail: invest@ultra.com.brTelephone: +55 11 3177 7014Website: www.ultra.com.br

Ultrapar Participacoes S.A.UGPA3 = R$ 40.00/share (03/31/12)UGP = US$ 21.69/ADR (03/31/12)

SOURCE Ultrapar Participacoes S.A.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,130.19 +50.05 0.28%
S&P 500 2,121.66 +3.97 0.19%
NASDAQ 5,103.3630 +11.2780 0.22%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs