BM&FBOVESPA S.A announces earnings for the Fourth Quarter of 2009

BM&FBOVESPA S.A announces earnings for the Fourth Quarter of 2009

23/02/10

GAAP Net income of R$220.2 million increased 8.8% year-on-year, whereas adjusted net income of R$315.3 million.

4Q09 net revenues of R$424.8 million increased 19.5% from the same quarter one year ago (pro forma). In a comparison of the twelve months to December 2009, net revenues dropped 6.2% to R$1,502.5 million.

4Q09 operating expenses reached R$ 160.4 million, a 25.2% increase from 4Q081 (pro forma) and a 21.0% increase from 3Q09’s. In 2009, recurring expenses reached R$446.7 million, a 12.9% drop from 2008 (pro forma), as adjusted by expenses related to employee compensation in 1Q09 (R$ 18 million) and in line with the target of R$450.0 million for 2009.

EBITDA totaled R$276.4 million for the fourth quarter, up 17.3% from 4Q08 (pro forma), and R$975.1 million for the twelve months to December 2009, a year-on-year drop of 10.5%. The EBITDA margin decreased by 3.1 p.p., in a comparison of the quarters to December 2009 (64.9%) and December 2008 (68.0%) (In 2009 R$59.6 million were accounted related to the recognition of the Stock Options costs). The fourth quarter 2009 EBITDA was 5.5% compared to third quarter.

The Company announced a MoU with CME Group about global preferred strategic partnership involving investments of R$620.0 million from BVMF to increase its stake to 5% in the north-american exchange

The board of directors proposed distributions of R$248 million as dividends related to 2009 and R$ 30 million as Interest on Capital related to 2010.

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