SAO PAULO, Brazil, Feb. 16 /PRNewswire-FirstCall/ -- Iochpe-Maxion S.A. (OTC:IOCJY) (BULLETIN BOARD: IOCJY) (Bovespa: MYPK3 [voting shares] MYPK4 [non-voting shares]) announces consolidated results. Net operating revenues: R$1,494.0 million Gross profit: R$288.7 million Earnings before interest and taxes (EBIT): R$177.6 million Operating profit after financial expenses: R$140.5 million Net income: R$72.1 million Earnings per share (EPS): R$1.355 Earnings before interest, taxes, depreciation and amortization (EBITDA): R$204.7 million Net bank indebtedness: R$124.9 million Capital Expenditures: R$84.0 million In 2005, Iochpe-Maxion achieved net income of R$72.1 million, a 42% increase over 2004. Net operating revenues amounted to R$1,494.0 million, a 36% rise over the previous year. Such growth resulted from the increase in export of railway equipment and industrial castings to the North-American market, higher domestic demand for railway equipments, and greater production of buses, trucks and utility vehicles in Brazil. In 2005, exports grew to US$96.0 million, a 103% increase in dollar terms over the previous year. Net bank indebtedness went from R$101.9 million at 2004 year-end to R$124.9 million at 2005 year-end. The ratio between this figure and EBITDA stood at 0.6x in 2005, the same as the 0.6x recorded in 2004. Compared to 2004 figures, gross profit increased 27%, reaching R$288.7 million in 2005; earnings before interest and taxes (EBIT) increased 40% to R$177.6 million in 2005; and earnings before interest, taxes, depreciation and amortization (EBITDA) increased 32% to R$204.7 million in 2005. Capital expenditures were derived from plant modernization and production capacity expansion and amounted to R$84.0 million, a 55% rise over 2004. Iochpe-Maxion Iochpe-Maxion, a publicly traded company since 1984, has its roots in the Iochpe Group, which started activities in the lumber industry in Brazil's state of Rio Grande do Sul in 1918. After several decades of business diversification, the group shifted its focus in the late 1990s to the auto parts and railroad equipment businesses. Iochpe-Maxion currently has two main subsidiaries, both leaders in their industries: Maxion Sistemas Automotivos Ltda. (which operates through the Wheels and Chassis Division and the Automotive Component Division), and Amsted Maxion Fundicao e Equipamentos Ferroviarios S.A. These companies have five plants in the cities of Cruzeiro, Osasco and Hortolandia, in the state of Sao Paulo; and in Contagem, in the state of Minas Gerais. Iochpe-Maxion has Companhia Iochpe and BNDESPAR as its controlling shareholders, both represented on its Board of Directors. The Iochpe-Maxion investor relations website at http://www.iochpe-maxion.com.br/ contains comprehensive information about the company, including quarterly financial statements, presentations and releases. Contact: Marcio Fenelon Iochpe-Maxion S.A. Investor Relations Phone: 55 11 5508-3843 / Fax: 55 11 5506-7353 First Call Analyst: FCMN Contact: fenelon@iochpe.com.br DATASOURCE: Iochpe-Maxion S.A. CONTACT: Investors, Marcio Fenelon, Iochpe-Maxion S.A., +011-55-11-5508-3843, or fax, +011-55-11-5506-7353, or Web site: http://www.iochpe.com.br/

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