Ouro Verde Announces 3Q18 Results

Curitiba/PR, February 15, 2019 - 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 third quarter of 2018 (3Q18).


  • In September, we were involved in investigation of the Public Prosecutor‘s Office regarding a contract of the Government of the State of Paraná project called the Rural Patrol, during the years 2013 to 2015. The Company has been working to clarify the facts, reinforcing the suitability and transparency in which we have operated for more than 45 years. In order to ensure the Company‘s perpetuity, we prepared a contingency plan to maintain the financial profitability, which predicted the recession of investments, making it impossible to renew contracts due in the quarter. In addition, we perform the recognition of amounts present in the PDD account referring to the aforementioned agreement and other values with less representation. Net Operating Revenues, including sales of assets, reached R$ 416.6 million, 9.2% less than same period of last year.

  • Consolidated Adjusted EBITDA from heavy machinery and equipment leasing and light vehicle outsourcing reached R$ 289.4 million in 9M18, and Adjusted EBITDA margin reached 61.0%.

  • In the 9M18, R$ 291.4 million were invested in the renewal and expansion of the fleet, representing an increase of 25.5% over the same period of the previous year.

  • Total fleet reached 24,537 units in 9M18. The fleet breakdown in the period achieved 7,549 units of heavy machinery and equipment and 16,988 units of light vehicles.

  • Backlog revenue from contracts with our clients, which range from two to seven years, reach R$1,197.0 million in the end of 9M18.

  • At the end 9M18, Ouro Verde cash and cash equivalents reached R$283.7 million and net debt totaled R$1,326.6 million, approximately 45.1% of which from FINAME and Leasing financing lines.

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

About Ouro Verde
Founded in 1973, Ouro Verde is one of the biggest Brazilian companies in the car and equipment rental and service segments, operating in fleet outsourcing through long-term agreements varying from two to seven years. With a nationwide presence, financial solidity and 40 years of operations, Ouro Verde values service quality and respect for its stakeholders.

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