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Article: Localiza Announces Fourth Quarter and Full Year 2007 Results.
- Article from:
- PR Newswire
- Article date:
- February 12, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BELO HORIZONTE, Brazil, Feb. 12 /PRNewswire-FirstCall/ -- Localiza Rent A Car S.A. (Bovespa: RENT3), the largest car rental company in Latin America in terms of number of agencies, with 34 years of existence, reports today its results for the fourth quarter and full year of 2007 (4Q07/2007). The financial information is presented in Brazilian Real (R$ million), except where otherwise indicated, and is based on financial statements in US GAAP. The comparisons refer to the fourth quarter and full year of 2006 (4Q06/2006).
4Q07 HIGHLIGHTS
- Net Revenue grew by 14.0%.
- EBITDA grew by 48.3%.
- Average rented fleet grew by 30.6%.
- 77.5% growth in Net ...