Company invites individual and institutional investors as well as advisors to attend interactive real-time virtual VirtualInvestorConferences.com
NEW YORK, May 2, 2016 /CNW/ -- Localiza Rent a Car S.A. (BOVESPA: RENT3 and OTCQX: LZRFY), today announced that Nora Lanari, Head of IR, will present live at VirtualInvestorConferences.com on May 5, 2016.
DATE: Thursday, May 5, 2016
TIME: 12:15 PM ET
This will be a live, interactive online event where investors are invited to ask the company questions in real-time - both in the presentation hall as well as the association's "virtual trade booth." 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.
It is recommended that investors pre-register and run the online system check to save time and receive event updates.
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™.
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.
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 of 17.0% 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.