Ultrapar Holdings Inc 6-K, filed Mar 4, 2020
Ultrapar Holdings Inc (UGP)
About this 6-K
Ultrapar Holdings Inc filed this 6-K on March 4, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report Of Foreign Private Issuer
Pursuant To Rule 13a-16 Or 15d-16 Of
The Securities Exchange Act Of 1934
For the month of March, 2020
Commission File Number: 001-14950
ULTRAPAR HOLDINGS INC.
(Translation of Registrant’s Name into English)
Brigadeiro Luis Antonio Avenue, 1343, 9th Floor
São Paulo, SP, Brazil 01317-910
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes No X
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes No X
ULTRAPAR PARTICIPAÇÕES S.A.
MATERIAL NOTICE
Ultrapar announces financial guidance for 2020
São Paulo, March 3, 2020 – Ultrapar Participações S.A. (B3: UGPA3 / NYSE: UGP, “Company”), in compliance with Instructions 358/02 and 480/09, as amended, issued by the Securities and Exchange Commission of Brazil (CVM) hereby discloses the financial guidance for 2020 (accounting standard IFRS 16):
Note 1: Adjusted EBITDA
The main assumptions adopted to formulate the guidance for 2020 were:
| • | Exchange rate of R$ 4.00/USD; |
| • | Brazilian GDP growth of 2%; |
| • | Annual inflation of 3.9% (IPCA). |
The assumptions were defined during the budgeting process of the Company, conducted throughout the last quarter of 2019, and its primary sources of information were the Focus Report published by the Central Bank of Brazil and reports of specialized consultant firms.
The businesses’ perspectives are based in beliefs and assumptions of the Company’s executive board, as well as in information currently available. Such estimates are not guarantee of performance and involve risks and uncertainties, since they refer to future events and depend on circumstances which may or may not occur. General economic conditions, market conditions and other operational factors may lead to results which differ materially from the numbers disclosed.
André Pires de Oliveira Dias
Chief Financial and Investor Relations Officer
ULTRAPAR PARTICIPAÇÕES S.A.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: March 3, 2020
| ULTRAPAR HOLDINGS INC. | ||
| By: | /s/ Andre Pires de Oliveira Dias | |
| Name: Andre Pires de Oliveira Dias Title: Chief Financial and Investor Relations Officer | ||
(Market Announcement)