SAO PAULO, Brazil, Feb. 14 /PRNewswire-FirstCall/ -- Iochpe-Maxion (ADR-OTC: IOCJY-PN) (preferred) (Bovespa: MYPK3 - (common) MYPK4 (preferred)), the largest Brazilian manufacturer of wheels and frames for commercial vehicles, railway freight cars and railway castings, releases its 2006 results. Results - Net Operating Revenue: R$1,247.6 million - Gross Income: R$219.2 million - Operating Income Before Financial Expenses (EBIT): R$136.4 million - Operating Income After Financial Expenses: R$115.0 million - Net Income: R$57.8 million - Earnings Per Share (EPS): R$1.085 - EBITDA: R$162.7 million - Net Bank Debt: R$132.3 million - Capital Expenditures: R$67.8 million In 2006, Iochpe-Maxion posted net income of R$57.8 million (earnings per share, R$1.085), a 20% reduction when compared to a net income of R$72.1 million in 2005 (earnings per share, R$1.355). Net operating revenue reached R$1,247.6 million, a 17% reduction, reflecting a slowdown of the Brazilian production of commercial vehicles and a strong decrease in demand for railway freight cars, which was partially offset by the growth of commercial vehicle wheels, castings and railway wheels exports. Capital expenditures, primarily focused on improvement of the industrial plant and production capacity increases, reached R$67.8 million in 2006. The complete release on Iochpe-Maxion's performance in 2006 is available for viewing and download on the Company's website http://www.iochpe-maxion.com.br/ . IOCHPE-MAXION Iochpe-Maxion is the parent company of two main companies: Maxion Sistemas Automotivos Ltda (with the Automotive Components Division and the Wheels and Chassis Division) and Amsted Maxion Fundicao e Equipamentos Ferroviarios S.A. These companies operate five plants located in the cities of Cruzeiro, Osasco and Hortolandia, in Sao Paulo state, and Contagem, in Minas Gerais state. Iochpe-Maxion is a listed company since 1984. Its controlling shareholders are Companhia Iochpe and BNDESPAR, both with representatives on the Board of Directors. Contact Marcio Fenelon Investor Relations - Phone (55 11) 5508-3843 / Fax (55 11) 5506-7353 DATASOURCE: Iochpe-Maxion CONTACT: Marcio Fenelon, Investor Relations, Iochpe-Maxion, +011-5511-5508-3843, or fax, +011-5511-5506-7353, or Web site: http://www.iochpe.com.br/

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