Result is 10.8% higher than achieved in 2022;
Adjusted EBITDA margin is 4.1 p.p. above last year.
CAXIAS DO SUL, Brazil, March 11, 2024 /PRNewswire/ — Frasle Mobility achieved a new record result in 2023. The Company’s consolidated net revenue ended the year totaling R$3.4 billion. This number is 10.8% higher than that recorded in the previous year and means that the Company has grown almost 2.5 times in the last five years. Adjusted EBITDA reached R$664.7 million for the year, an increase of 39.8%, while the adjusted EBITDA Margin was 19.6%, 4.1 percentage points above last year.
The results achieved last year meet all established Guidance projections, especially the EBITDA Margin target, which was revised over the past year as a result of better performance. Return on Invested Capital (ROIC) also registered a significant increase of almost 6 percentage points, reaching 19.3% in 2023.
MAIN RESULTS – 4Q23 | 2023
(Percentages indicate variations with the respective periods of 4Q22 and 2022 – values in MM)
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Consolidated net revenue: |
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4Q23: R$741.3 (-0.7%) | 2023: R$3388.7 (+10.8%) |
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Net revenue in the national market: |
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4Q23: R$555.5 (-11.8%) | 2023: R$2156.5 (+14.6%) |
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Net revenue in the foreign market: |
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4Q23: R$185.8 (-25.7%) | 2023: R$1232.2 (+4.8%) |
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Foreign Market Revenue (Exports + Operations abroad): |
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4Q23: US$37.0 (-22.3%) | 2023: US$246.1 (+8.1%) |
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Consolidated gross profit: |
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4Q23: R$202.6 (-7.5%) | 2023: R$1138.6 (+26.0%) |
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Operating profit: |
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4Q23: R$81.4 (-63.4%) | 2023: R$542.6 (+62.9%) |
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EBITDA: |
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4Q23: R$113.1 (-34.5%) | 2023: R$667.2 (+47.3%) |
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Consolidated net profit: |
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4Q23: R$93.9 (-166.0%) | 2023: R$388.7 (+91.2%)
ROIC 2023: 19.3% (+5.5 pp) |
RESULTS VIDEO CONFERENCE(In Portuguese with simultaneous translation into English)
03/12 – 11am Brazil | 10am New York | 2pm London
Register / Access Videoconference: Click here
IR ContactEmail: [email protected]
Site: https://ri.fraslemobility.com/
Hemerson Fernando de Souza
Phone: +55 54 3239.1519
SOURCE Frasle Mobility