TOTVS 2012: Revenue, EBITDA Margin and Net Income Growth - InvestingChannel

TOTVS 2012: Revenue, EBITDA Margin and Net Income Growth

million in 2012 (+10.5% vs. 2011) and R$361.5 million in 4Q12 (+7.9% vs. 4Q11). Excluding the social security contribution – INSS, net revenue totaled R$1,437.4 million in 2012 (+12.4% vs. 2011) and R$368.6 million in 4Q12 (+10.0% vs. 4Q11).Net License Fee Revenue: R$329.4 million in 2012 (+7.3% vs. 2011) and R$83.0 million in 4Q12 (+8.6% vs. 4Q11). Excluding the social security contribution – INSS, this line totaled R$334.6 million in 2012 (+9.0% vs. 2011) and R$84.5 million in 4Q12 (+10.5% vs. 4Q11).Net Service Revenue: R$414.9 million in 2012 (+13.6% vs. 2011) and R$106.1 million in 4Q12 (+8.2% vs. 4Q11). Excluding the social security contribution – INSS, this line reached R$421.0 million in 2012 (+15.2% vs. 2011) and R$107.9 million in 4Q12 (+10.1% vs. 4Q11).Net Maintenance Revenue: R$669.7 million in 2012 (+10.3% vs. 2011) and R$172.3 million in 4Q12 (+7.4% vs. 4Q11). Excluding the social security contribution – INSS, this line totaled R$681.8 million in 2012 (+12.4% vs. 2011) and R$176.2 million in 4Q12 (+9.8% vs. 4Q11).EBITDA: R$378.0 million in 2012 (+22.5% vs. 2011) and R$93.791 million in 4Q12 (+7.7% vs. 4Q11).EBITDA Margin: consolidated EBITDA margin of 26.7% in 2012 (+260 bps vs. 2011) and 25.9% in 4Q12 (-10 bps vs. 4Q11).Net Income: R$207.148 million in 2012 (+22.3% vs. 2011) and R$66.868 million in 4Q12 (+11.4% vs. 4Q11).Cash Flow: R$125.329 million in 2012 (+129.7% vs. 2011), accounting for 33.2% of EBITDA (+1.547 bps vs. 2