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Accessibility 
Navigation and public searching of this website are subject to the Terms and Conditions below:
Guarantees, Responsibilities and Damages
1. Foresea does not guarantee that the grades, instruments and materials contained, utilized and offered in this website are exactly up-to-date or complete and does not accept responsibility for damages caused by eventual errors of grade or shortcomings of equipment.
2. Foresea does not accept express or tacit responsibility for the improper use of the information, instruments or materials made available and/or of the equipment used for this website, for whatever purpose made by any user, who has entire responsibility for eventual harm done to their own rights or of third parties, whether or not caused by this improper use.
3. Under no circumstances, will Foresea, its directors, executive officers or employees be held responsible for any direct or indirect, special, incidental or consequential losses or expenses arising out of the connection with this website or use on its part or incapacity of use by anyone, or with regard to any shortcoming in performance, error, omission, interruption, defect or delay in operation or transmission, computer virus or breakdown of line or of the system, even if Foresea or its representatives have been advised of the possibility of such damages, losses or expenses.
4. The adequate provisioning of all the resources of the Internet, without exception, is the entire responsibility of the user of this website.
5. Foresea does not accept responsibility for the grades of other websites (a) whose addresses are available on the pages of this website or (b) the address of whose website is available to them. Foresea does not guarantee the compensation of any damage caused by the websites mentioned in this item.
6. With regard to the exchange of messages between the user and Foresea through the Internet, please consult its Privacy Policy.
7. An investment in securities involves a high degree of risk. Please review Foresea’s Risk Factors.
Confidential Nature of the User’s Information
Foresea reserves the right to improve the functioning of this website because of the analysis and consolidating of the information and suggestions collected and of the opportunities of these for all of the users of the website.
Author´s Copyrights and Intellectual Property
Unless there is any regulation to the contrary, all the grades of the pages of this website, such as information, materials, tools, paging, graphs and drawings belong to Foresea or to third parties, who have legally ceded their rights of usage.
Comments on the EBITDA
The EBITDA corresponds to the gross profit before financial expenses, income tax, social contribution, depreciation and amortizations. It is used as a performance gauge by Foresea’s management. It has not been adopted by the Brazilian or North-American accounting standards, does not represent the cash flow for the presented period and should be considered neither as a substitute for the net profit, as Foresea’s operating performance indicator, as a substitute for the cash flow nor as a liquidity indicator.
Foresea’s management believes that EBITDA is a practical metric to gauge its operating performance and enable a comparison with other companies operating in the same segment. Nevertheless, it is important to stress that EBITDA is not a metric established pursuant to the Brazilian accounting standards (Brazilian Corporation Law or BR GAAP) or the North-American accounting standards (US GAAP) and it can be defined and calculated in a different manner by other companies.
Note: By accessing the website and any of its pages, the user automatically accepts all the terms and conditions established herein. Therefore, please stop browsing the website in the case that you do not agree with all the above described terms.