Company invites individual and institutional investors, as well as advisors, to log-on to view the presentation
BELO HORIZONTE, Brazil, March 27, 2017 /CNW/ -- Localiza Rent a Car S.A. (BVMF: RENT3, OTCQX: LZRFY) the largest car rental company in Brazil with operations in South Amercia, today announced that their March 23, 2017 presentation from the Head of IR, Nora Lanari, is now available for on-demand viewing in the dbVIC Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference.
Localiza's presentation will be available 24/7 for 90 days. Investors may download shareholder materials from the virtual trade booth in the Exhibits section of the event.
Recent Company Highlights
- 2016 ROIC of 15.4% and ROE of 21.1%;
- Car Rental Division's net revenues grew 13.5% when compared with 2015;
- Fleet Rental Division's net revenues presented a growth of 7.1% when compared with 2015;
- EBITDA increased 8.6% or R$80.8 million and EBIT increase 4.8% or R$35.6 million
- Net income increased 1.7%, reaching R$409.3 million in 2016.
About Localiza Rent a Car S.A.
Localiza Rent a Car S.A. was founded in 1973 and is headquartered in Belo Horizonte, Brazil.The Company is the largest car rental network in South America in number of branches, with 561 car rental branches across seven countries, of which 333 are operated by Localiza and 228 by franchisees. On December 31, 2016, the Platform had a fleet of 143,131 cars, being 129,116 owned cars and 14,015 cars of its franchisees. Localiza engages in renting cars and fleets in Brazil and in South America. The Company rents cars (Car Rental Division) in branches located in airports and off airport locations. Rentals are carried out by companies, individuals on business or leisure trips, as well by insurance companies and automakers which offer replacement cars to their customers. The Fleet Rental Division rents fleet to companies on long-term contracts (usually 24 or 36 months). Its fleet is customized according to the needs and requests of its customers. Localiza disposes the cars used in Car Rental Divison after 12 months and in the Fleet Rental Division at the end of the contracts. Most of the cars are sold directly to final consumers through its used car sales network (Localiza Seminovos) to avoid intermediation costs on the sale of used cars.
SOURCE Localiza Rent a Car S.A.
For further information: Email: email@example.com, Phone: +55 (31) 3247-7024