TOTVS 2012: Revenue, EBITDA Margin and Net Income Growth

           TOTVS 2012: Revenue, EBITDA Margin and Net Income Growth

4Q12: 10.5% INCREASE IN LICENSE FEE REVENUE RECORD NET INCOME OF R$66.868
MILLION

PR Newswire

SAO PAULO, Jan. 29, 2013

SAO PAULO, Jan. 29, 2013 /PRNewswire/ -- TOTVS S.A. (BM&FBOVESPA: TOTS3), the
leader in developing and marketing integrated enterprise management software
and provision of related services in Brazil, today announces its results for
the fourth quarter of 2012 (4Q12). The Company's consolidated financial
statements are prepared in accordance with the accounting practices adopted in
Brazil, which are in consonance with the International Financial Reporting
Standards (IFRS).

Highlights of the period:

  oNet Revenue: R$1,414.0 million in 2012 (+10.5% vs. 2011) and R$361.5
    million in 4Q12 (+7.9% vs. 4Q11). Excluding the social security
    contribution - INSS, net revenue totaled R$1,437.4 million in 2012 (+12.4%
    vs. 2011) and R$368.6 million in 4Q12 (+10.0% vs. 4Q11).
  oNet License Fee Revenue: R$329.4 million in 2012 (+7.3% vs. 2011) and
    R$83.0 million in 4Q12 (+8.6% vs. 4Q11).  Excluding the social security
    contribution - INSS, this line totaled R$334.6 million in 2012 (+9.0% vs.
    2011) and R$84.5 million in 4Q12 (+10.5% vs. 4Q11).
  oNet Service Revenue: R$414.9 million in 2012 (+13.6% vs. 2011) and R$106.1
    million in 4Q12 (+8.2% vs. 4Q11).  Excluding the social security
    contribution - INSS, this line reached R$421.0 million in 2012 (+15.2% vs.
    2011) and R$107.9 million in 4Q12 (+10.1% vs. 4Q11).
  oNet Maintenance Revenue: R$669.7 million in 2012 (+10.3% vs. 2011) and
    R$172.3 million in 4Q12 (+7.4% vs. 4Q11).  Excluding the social security
    contribution - INSS, this line totaled R$681.8 million in 2012 (+12.4% vs.
    2011) and R$176.2 million in 4Q12 (+9.8% vs. 4Q11).
  oEBITDA: R$378.0 million in 2012 (+22.5% vs. 2011) and R$93.791 million in
    4Q12 (+7.7% vs. 4Q11).
  oEBITDA Margin: consolidated EBITDA margin of 26.7% in 2012 (+260 bps vs.
    2011) and 25.9% in 4Q12 (-10 bps vs. 4Q11).
  oNet Income: R$207.148 million in 2012 (+22.3% vs. 2011) and R$66.868
    million in 4Q12 (+11.4% vs. 4Q11).
  oCash Flow: R$125.329 million in 2012 (+129.7% vs. 2011), accounting for
    33.2% of EBITDA (+1.547 bps vs. 2011).

For further information, please visit: www.totvs.com/ir.

Conference call in English
12:00 p.m. (Brasilia)
Webcast: www.totvs.com/ir
Phone: +1 (412) 317-6776
Access code: TOTVS
Replay: +1 (412) 317-0088
(access code: 10023253), available until 02/06/13, or at: www.totvs.com/ir

IR Contacts
Alexandre Dinkelmann
Investor Relations Officer
Phone: +55 (11) 2099-7105 / 7097
ir@totvs.com.br

SOURCE TOTVS S.A.

Website: http://www.totvs.com/ir
 
Press spacebar to pause and continue. Press esc to stop.