NEW YORK, May 9, 2016 /CNW/ -- Localiza Rent a Car S.A. (BOVESPA:RENT3 and OTCQX: LZRFY), today announced that the May 5 presentation from Head of IR, Nora Lanari, is now available for on-demand viewing at VirtualInvestorConferences.com.
Localiza Rent a Car S.A. presentation will be available 24/7 for 90 days. Investors and advisors may download shareholder materials from the "virtual trade booth" for the next three weeks.
Localiza's 1Q16 Highlights
- Car Rental Division's net revenues grew 9.5%
- Fleet Rental Division's net revenues grew 6.4%
- 1Q16 EBIT increased BRL$16.2 million when compared to 1Q15.
- Consolidated net revenues grew by 4.0%
- Net income reached BRL$103.0 million in 1Q16, 2.7% increase compared to 1Q15.
Learn more about the event at www.VirtualInvestorConferences.com.
The OTCQX Virtual Investor Conference is made possible by a partnership between OTC Markets Group Inc. and VirtualInvestorConferences.com, a cooperative venture of PR Newswire and Better Investing™.
About Localiza Rent a Car
Localiza operates an integrated business platform comprised of the Car Rental, Franchising, Fleet Rental and Used Car sales businesses. It is the largest car rental company in South America with more than 560 rental locations and a fleet larger than 115 thousand cars in Brazil and other 7 countries in South America. In Brazil Localiza has a market share of 22.8% in the RAC and is larger than the 2nd, 3rd, 4th and 5th competitors combined. In 2015, the Company amounted net revenues of more than US$1.1 bn, net income of US$114.8 million with a net margin of 10%, ROIC of17.0% and ROE of 24.3%. Localiza is listed at Novo Mercado, the highest corporate governance level of the Brazilian Stock Exchange, since 2005.
SOURCE Localiza Rent a Car S.A.