04-02-08 23:29
SONDA'S New Acquisition in Colombia
SONDA announced today the acquisition of Colombia’s IT solution provider RED COLOMBIA SA, reaffirming its leadership in the most important IT markets of the region. [more...]
25-07-07 04:00
SONDA increases EBITDA by 23.0% in 2Q07 (YoY)
During the second quarter of 2007 (2Q07), SONDA’S revenues grew by 7.2% when compared to the same period in 2006 (2Q06) and reached Ch$ 52,833 million (US$ 100.3 million), mainly driven by the IT services business growth. Similarly, operating income scaled up to Ch$ 5,413 million (US$ 10.3 million) in 2Q07, with a 5.6% improvement when compared to 2Q06, as a result of greater revenues from businesses with higher margins.
With a 23.0% growth, EBITDA reached Ch$ 9,987 million (US$19.0 million), reflecting the better operating results of 2Q07. Operating margin reached 10.2% in 2Q07, similar to the same period of 2006, and EBITDA margin improved from 16.5% to 18,9%.
Net income amounted to Ch$ 3,820 million (US$7.3 million) in 2Q07, showing a 11.3% decline when compared to the same period of 2006, mainly driven by a greater level of taxable income and a significant reduction in the amortization of negative goodwill. Net margin moved from 8.7% in 2Q06 to 7.2% in 2Q07.
A 62.6% of revenues came from IT services in 2Q07, 32.0% from the platforms business and 5.4% from applications. By region, business in Chile contributed with 69.2% of total revenues, Brazil with 13.6%, Mexico with 7.2% and ROLA (rest of Latin America) with 10.0%.
Mexico increased 228.6% its operating income and reached Ch$ 323 million (US$ 0.6 million) in 2Q07. Chile amounted a similar total when compared to 2Q06, while Brazil and ROLA reduced 32.2% and 11.6% their respective operating income. On the other hand, EBITDA improved in most of the countries, showing a 22.5% growth in Chile, 304.8% in Mexico and 5.4% in ROLA at the end of the second quarter of 2007. On the other hand, Brazil reduced its EBITDA by 21.9% in this period.
HIGHLIGHTS
Acquisition in Brazil. Last June 27th, 2007, SONDA announced the acquisition of a 100% stake in Brazil’s Procwork in a deal valued at US$ 118 million. Procwork, with 17 years of experience in the Brazilian market, is a leader in consulting, systems integration services, and IT solutions in that country. Its revenues totaled R$ 257 million in 2006, equivalent to approximately US$ 132 million. Besides, it has a customer base of more than 600 clients, among whom are two thirds of the Top-100 companies in Brazil. SONDA with this acquisition becomes one of the largest and most relevant players in the IT Services industry of that country, offering a wide range of IT services to a blue chip customer base. The US$ 118 million investment in Procwork, is part of the 2007-2009 investment plan established by SONDA last year, intended to consolidate its leading position in Latin America through acquisitions in the main markets of the region.
Signature of deals for a total of US$ 98.3 million. During the second quarter of 2007, SONDA has signed a relevant volume of deals with a diversified range of customers including contracts of up to five years. Out of these, US$ 47.9 million were related to business in Chile, US$ 26.4 million to business in Brazil, US$ 15.5 million to business in Mexico and US$ 8.5 million to business in the rest of the countries where the company runs its operations.
Improved margins in Brazil and Mexico: As a result of the restructuring and efficiency plans started in Brazil and Mexico last year, a sustained margin improvement is noticeable in those countries’ operations. [more...]
28-06-07 02:00
In a US$ 118 million deal, SONDA acquires Brazilian Procwork
Procwork, with 17 years of experience, is one of the most important companies in the Brazilian market of consulting and IT solution integration services. [more...]
