Brazil's Wilson Sons 2012 Profit Down Slightly
Wilson Sons Limited announces its results for the Fourth Quarter and full year 2012. Wilson Sons Limited, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics solutions. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Shipyards. The Company's Net Revenues reached USD 645.3M, and EBITDA USD 151.5M for 2012, 7% lower than the previous year. The drop is mainly a result of the end of a temporary Petrobras operation with Brasco, as well as the discontinuation of dedicated operations in the logistics business. "We will remember 2012 as the year we concluded important projects which significantly improved capacity.
Brazil's Wilson Sons Report Strong Q3 2012 EBITDA
Port & maritime logistics services providers Wilson Sons Ltd. records record EBITDA of US$ 47.4-million in the third quarter of 2012. The Company recorded Net Revenues of USD 157.5-million and record EBITDA of USD 47.4-million in the third quarter of 2012. "This quarter results confirm the consistency and robustness of our business plan. Despite a period of macroeconomic uncertainty, the Company generated very strong operating cash flow" said Cezar Baiao, CEO of Operations in Brazil. The drop in revenues is mainly a result of the depreciation of the average BRL rate, as well as the end of a temporary Petrobras operation with Brasco, and discontinuation of dedicated operations in the logistics business.
Brazil's Wilson, Sons, Record Increase in Towage, Offshore Business in Q1 2012
The Company recorded Net Revenues of USD 157.2M, in line with 1Q11 figures. There was, however, healthy increase in Towage (up 34,9%) and Offshore (up 12,5%), due to better pricing and an increase in the number of vessels in operation. Currently, the Company has 3 tugboats and 5 PSVs in different phases of construction at the Guaruja Shipyard. The strategy to increase and renew its fleet is part of the Company's desire to meet the demand in the oil & gas industry and international trade flow. The new Guaruja II shipyard, the new Offshore and Towage vessels, and Tecon Salvador's expansion works are the major contributors to the quarterly CAPEX of USD 43.0M.
