Ouro Verde Announces 2Q18 Results

Curitiba/PR, August 14, 2018 - Ouro Verde Locação e Serviço S.A., one of the largest companies in Brazil engaged in heavy equipment and light vehicle fleet outsourcing, announced its financial and operating results for the second quarter of 2018 (2Q18).


  • With the first half of 2018 result, Ouro Verde has shown that it is on the right track for its recovery from the crisis of recent years, as the Company‘s main indicators have returned to positive results, such as the accumulated result that totaled R$ 3.2 million, the first positive result of the last five results.
  • Net Operating Revenues, including sales of assets, reached R$ 416.6 million, 9.2% less than same period of last year, but 7.2% higher than the previous quarter.
  • Consolidated Adjusted EBITDA from heavy machinery and equipment leasing and light vehicle outsourcing reached R$ 207.4 million in 1S18, and Adjusted EBITDA margin reached 65.4%.
  • In the first six months of 2018, R$ 228.7 million were invested in the renewal and expansion of the fleet, representing an increase of 7.3% over the same period of the previous year.
  • Total fleet reached 24,740 units in 2Q18. The fleet breakdown in the period achieved 7,683 units of heavy machinery and equipment and 17,057 units of light vehicles. This was the first fleet increase in the last five results, as the Company‘s strategy to qualify its customer base, focusing on the most profitable, in order to optimize investments.
  • Backlog revenue from contracts with our clients, which range from two to seven years, reach R$1,347.8 million in the end of 2Q18.
  • At the end 2Q18, Ouro Verde cash and cash equivalents reached R$242.6 million and net debt totaled R$1,357.3 million, approximately 45.2% of which from FINAME and Leasing financing lines.
  • In the coming quarters, in order to improve the profile of our debt and support the development of our businesses face to a recession environment, Ouro Verde‘s strategy is to issue new debt operations through the local and international capital market, demonstrating focus on strengthening liquidity and lengthening debt profile.

Click here to access the Earnings Release in Portuguese.

IR Contact:

Phone.: +55 (41) 3094-7325
E-mail: ri@ouroverde.net.br
IR Website: www.ouroverde.net.br/ir

Site Map

Close Map

Rua João Bettega, 5700 - CIC
Curitiba - Paraná - Brazil - CEP 81350-000
Phone: +55 (41) 3239-7000
Fax: +55 (41) 3239-7077