Frasle Mobility, a leading company in the automotive industry, reported stable net revenue in the first quarter of 2024 compared to the same period last year. The Company recorded a consolidated result of R$841.3 million, with an adjusted EBITDA of R$154 million and an adjusted EBITDA Margin of 18.3%. Revenue from the foreign market saw a significant increase of 6.4%, totaling R$341.9 million.
One of the highlights of the quarter was the acquisition of Juratek in the United Kingdom, which aligns with the company’s strategy of expanding its global operations in mature markets.
Key financial results for the first quarter of 2024 include:
– Consolidated net revenue: R$841.3 (+0.3%)
– Net revenue in the national market: R$499.4 (-3.5%)
– Net revenue in the foreign market: R$341.9 (+6.4%)
– Foreign Market Revenue: US$69.0 (+11.6%)
Additionally, the company reported a consolidated gross profit of R$289.7 (-2.2%) and an operating profit of R$116.9 (-20.6%). The adjusted EBITDA for the quarter was R$154.0 (-13.0%), with a consolidated net profit of R$109.1 (+20.7%).
Frasle Mobility’s Return on Invested Capital (ROIC) for the first quarter of 2024 was 15.7%, showing a positive increase compared to the same period last year.
For more detailed information, Frasle Mobility will be hosting a video conference on 05/08 at 11am Brazil time, with simultaneous translation into English. Investors and stakeholders can register and access the video conference through the provided link.
For investor relations inquiries, Hemerson Fernando de Souza can be contacted at +55 54 3239.1519 or through the provided email address. More information can also be found on the company’s website at https://ri.fraslemobility.com/
Overall, Frasle Mobility’s first quarter results demonstrate the company’s resilience and strategic growth initiatives in the automotive industry. Investors and stakeholders can look forward to further updates and developments from the company in the coming months.
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