CAXIAS DO SUL, Brazil, Aug. 6, 2024
/PRNewswire/ -- The company ended the first half of 2024 with
consolidated net revenue up slightly by 3.6% compared to the same
period last year. In the first six months of the year, R$1.8 billion was recorded. Revenue from the
foreign market, which includes exports from Brazil with the performance of operations in
other countries, totaled R$734.3
million, an increase of 3.2%. Adjusted EBITDA reached
R$316.5 million, while the adjusted
EBITDA Margin was 17.4%.
Revenue performance in 2Q24 remained positive compared to the
same period in 2023. R$980.3 million
were recorded, an increase of 6.6%. Revenue from the foreign market
was R$392.5 million, which represents
stability compared to 2Q23.
The last few months have seen a number of events that influenced
overall results, resulting in negative figures compared to previous
periods. In April, the manufacturing activities of the subsidiary
Fanacif, in Uruguay, were shut
down. In May, the floods that devastated Rio Grande do Sul harmed
part of the business in the state, in addition to inflationary
impacts related to operations located in Argentina.
MAIN RESULTS – 2Q24
(Percentages indicate variations with the respective periods of
2Q23 and 1H23 – amounts in MM)
|
Consolidated net
revenue:
|
|
2Q24: R$980.3 (+6.6%) |
1H24: R$1821.5 (+3.6%)
|
|
|
Net revenue from the
domestic market:
|
|
2Q24: R$587.8 (+11.1%)
| 1H24: R$1087.2 (+3.9%)
|
|
|
Net revenue from
foreign markets:
|
|
2Q24: R$392.5 (+0.5%) |
1H24: R$734.3 (+3.2%)
|
|
|
Foreign Market
Revenue (Exports + operations abroad):
|
|
2Q24: US$75.2 (-4.6%) |
1H24: US$144.2 (+2.5%)
|
|
|
Consolidated gross
profit:
|
|
2Q24: R$315.5 (-1.6%) |
1H24: R$605.2 (-1.9%)
|
|
|
Operating
Profit:
|
|
2Q24: R$76.6 (-50.9%) |
1H24: R$193.5 (-36.2%)
|
|
|
EBITDA:
|
|
2Q24: R$112.3 (-39.9%)
| 1H24: R$266.3 (-26.8%)
|
|
|
Consolidated net
profit:
|
|
2Q24: R$41.4 (-57.9%) |
1H24: R$150.5 (-20.2%)
Adjusted
EBITDA
2Q24: R$162.5 (-18.5%)
| 1H24: R$316.5 (-15.9%)
ROIC:
2Q24: 11.4% (-4.1
p.p.)
|
EARNINGS VIDEOCONFERENCE
(In Portuguese with
simultaneous translation into English)
08/07 – 11am Brazil | 10am
New York | 3pm London
Register / Access Videoconference: Click here
IR Contact
Email: ri@fraslemobility.com
Site: https://ri.fraslemobility.com/
Hemerson Fernando de Souza
Phone: +55 54 3239.1519
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content:https://www.prnewswire.com/news-releases/frasle-mobility-records-r1-8-billion-in-net-revenue-in-the-first-half-of-the-year-302216003.html
SOURCE Frasle Mobility