Frasle Mobility reaches R1.3 million in net revenue in the first quarter of 2024
May 7, 2024

Frasle Mobility reaches R$841.3 million in net revenue in the first quarter of 2024

CAXIAS DO SUL, Brazil, May 7, 2024 /PRNewswire/ — Frasle Mobility ended the first quarter of 2024 with stable net revenue compared to the same period last year. The Company recorded a consolidated result of R$841.3 million, a positive variation of 0.3% compared to the first three months of 2023. Adjusted EBITDA reached R$154 million, while the adjusted EBITDA Margin recorded was 18.3%. Revenue from the foreign market, which encompasses exports from Brazil with the performance of operations in other countries, totaled R$341.9 million, an increase of 6.4%.

The quarter also marks the first year of the acquisition of Juratek, in the United Kingdom, boosting the strategy of expanding the company’s global operations in mature markets.

MAIN RESULTS – 1Q24
(Percentages indicate variations compared to the respective periods of 1Q23 and 4Q23 – values in MM)

Consolidated net revenue:

1Q24: R$841.3 (+0.3%) | 1Q24: R$841.3 (+13.5%)

Net revenue in the national market:

1Q24: R$499.4 (-3.5%) | 1Q24: R$499.4 (-10.1%)

Net revenue in the foreign market: 

1Q24: R$341.9 (+6.4%) | 1Q24: R$341.9 (+84.0%)

Foreign Market Revenue (Exports + operations abroad): 

1Q24: US$69.0 (+11.6%) | 1Q24: US$69.0 (+86.7%)

Consolidated gross profit:

1Q24: R$289.7 (-2.2%) | 1Q24: R$289.7 (+43.0%)

Operating profit:

1Q24: R$116.9 (-20.6%) | 1Q24: R$116.9 (+43.5%)

EBITDA:

1Q24: R$154.0 (-13.0%) | 1Q24: R$154.0 (+36.1%)

Consolidated net profit:

1Q24: R$109.1 (+20.7%) | 1Q24: R$109.1 (+16.2%)

 

ROIC 

1Q24: 15.7% (+2.4 pp) | 1Q24: 15.7% ](- 3.7 pp)

RESULTS VIDEO CONFERENCE
(In Portuguese with simultaneous translation into English)
05/08 – 11am Brazil | 10am New York | 3pm London

Register / Access Videoconference: Click here

IR Contact
E-mail: [email protected]
Site: https://ri.fraslemobility.com/
Hemerson Fernando de Souza
Phone: +55 54 3239.1519

 

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SOURCE Frasle Mobility

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