Tempo Participacoes Announces Increase of 34% in EBITDA and of 25% in Net Revenue for the 1Q08
ACQUISITION - Tempo announces today the acquisition of Fleming, a dentalplan company with over 35 thousand beneficiaries.
JOINT-VENTURE - TEMPO announced May 12, 2008, a Joint-Venture agreementwith Assist-Card, the largest travel assistance company in the world, tooperate travel assistance services for corporate clients and affinity channelsin Brazil.
REVENUES - Net revenues increased 25% in the 1st quarter of 2008 incomparison to the same period of 2007 reaching R$ 160,1MM.
ACQUISITION APPROVAL - Tempo announced the acquisition approval ofOdontoEmpresa by the Brazilian National Healthcare Agency (ANS) which enablesTempo to consolidate its results from May on.
EBITDA - EBITDA totaled R$ 13.4 million in the first quarter of 2008, 34%up on same period in 2007. EBITDA margin widened by 0.6 p.p. as a result ofexpenses dilution generated by economies of scale and synergies fromacquisitions.1Q08 Conference Call English Date: May 16, 2008 Time: 10:00 a.m. (Brazil) 9:00 a.m. (US ET) Phone: +1 (973) 935-8893 Code: 46176119 Portuguese Date: May 16, 2008 Time: 12:00 p.m. (Brazil) 11:00 a.m. (US ET) Phone: +55 (11) 2188-0188 Code: Tempo
SOURCE Tempo Participacoes S.A.
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