The document summarizes Localiza's 1Q16 earnings results. Key highlights include an 11.3% increase in consolidated net revenues despite an adverse macroeconomic scenario. The car rental division saw a 6.4% increase in net revenues due to higher average rental rates. EBITDA increased 5.5% to R$258.4 million compared to 1Q15, driven by growth in both the car and fleet rental divisions. Overall results were positively impacted by commercial initiatives to stimulate demand and increase fleet utilization rates.