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Triunfo Announces its 1Q17 Results

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TRIUNFO ANNOUNCES ITS 1Q17 RESULTS
Triunfo posts Adjusted Net Revenue of R$398.0 million and Adjusted EBITDA of R$224.1 million in the quarter

São Paulo, May 11, 2017 - Triunfo Participações e Investimentos S.A. (TPIS3), one of the most active Brazilian companies in the infrastructure sector, announces its 1Q17 results.

Operational and Financial Highlights:

Adjusted Net Revenue and Adjusted EBITDA reached R$398.0 million and R$224.1 million, respectively, in the quarter, up 7.0% and 6.8%, respectively (excluding construction margin from contractual amendments in the comparison base due to the suspension of works at Concer). The quarterly result was mainly driven by the performance of the port during the period and the increase in toll revenue. 
 
Port Segment: Portonave reported net revenue growth of 9.0% in 1Q17 and Adjusted EBITDA growth of 17.1% in the same period, driven by the growth in TEU handling revenue, resulting from the growth in volume handled by the terminal (+7.7%). 
 
Toll Roads Segment: gross toll revenue increased 4.8% in 1Q17, mainly due to toll adjustments in the period. Excluding construction margin from contractual amendments, Adjusted Net Revenue and Adjusted EBITDA in the segment increased 4.9% and 4.5%, respectively. 
 
Airport Segment: revenue from the cargo terminal grew 33.5% in the period, due to the significant increase in cargo handling (+23.3%). Cargo revenue is the leading revenue source of the airport, accounting for 64% of total revenue, excluding construction revenue.   
 
Energy Segment: Gross Revenue and Adjusted EBITDA from the energy segment stood at R$16.8 million and R$2.4 million in the quarter, up 5.7% and 12.4%, respectively.
 
Click here to see the Earnings Release.
 

 

11 May 2017