Company invites individual and institutional investors, as well as advisors, to attend interactive, real-time virtual event
BELO HORIZONTE, Brazil, March 20, 2017 /CNW/ -- Localiza Rent a Car S.A. (BVMF: RENT3, OTCQX: LZRFY) the largest car rental company in Brazil with operations in South America, today announced that the Head of IR, Nora Lanari, will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on March 23, 2017. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.
This will be a live, interactive online event where investors are invited to ask international companies their questions in real-time and to download a company's information in their "virtual trade booth" in the Exhibits section. If attendees are not able to join the event live on the day of the conference, an on-demand archive will be available for 90 days.
Participation is free of charge.
It is recommended that investors pre-register to save time and receive event updates.
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 Division 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: Investor Relations, Email: [email protected], Phone: +55 (31) 3247-7024