Consolidated Net Revenue - June 2012
Please be informed that the consolidated net revenue of Randon S.A. Implementos e Participações reached, in June 2012, R$ 278.5 million, a decrease of 19.3% as compared to June 2011.
In the period January-June 2012, Consolidated Net Revenue totaled R$ 1.619 billion, a decrease of 21.1% as compared with the result achieved in the same period last year.
Total Gross Revenue (without elimination and including taxes) reached R$ 428.6 million in June 2012, 19.0% down from that reached in June 2011. In the period January-June 2012, Gross Revenue totaled R$ 2.493 billion, a decrease of 20.2% when compared with the same period in the prior year.
This performance is related to the effects of the new emission law for commercial vehicles engines (PROCONVE 7 EURO V), which, along with the slow economic growth in the domestic market, has caused a drop in the production of trucks and buses.
Caxias do Sul, July 20, 2012.
Astor Milton Schmitt
Investor Relations Director