Source: Fras-le announcement
CAXIAS DO SUL, Brazil – Fras-le finished 2021 with record earnings as revenues increased by 54 percent – to BRL 2.6 billion – when compared to 2020.
The performance, seen as the best of the company’s 68-year trajectory, was driven by the performance of all the company’s units, which presented synergy in its operations, and by the constant investment in innovation and research, a movement that is positioning Fras-le in a new stage of competitiveness in the market.
The company recorded adjusted EBITDA of BRL 413.3 million, an increase of 46 percent compared to the previous year.
HISTORIC RESULTS CONTINUE FOR FRAS-LE THROUGH 2Q21
The geographical diversity and preparation carried out in recent years by the company were fundamental to the synergy between the company’s units, mainly in terms of purchasing, procurement, logistics, and industrial operations.
This performance was achieved by the company’s first year of Nakata’s results, the largest acquisition in Fras-le’s history, completed in September 2020.
The year 2021 was also strategic about the numerous innovation movements and the company’s positioning at the forefront of projects with global impacts. Highlight NIONE, a company created from the discovery of a new method for obtaining niobium nanoparticles on a large scale, and Fras-le Smart Composites, a product line that enables a modern, lighter, more resistant, and flexible alternative in design for the manufacture of structural items with advanced engineering application.
“The year 2021 was a milestone within the long process of transformation that the company has been going through. The commitment and ability to a reinvention of our people were decisive for the solid growth of the company and to raise our level in the market, positioning us as a safe replacement platform,” said the President and CEO of Fras-le, Sérgio L. Carvalho.
Fourth Quarter 2021 Results
The last quarter of 2021 also presented satisfactory results for the company. Net revenue for the fourth quarter reached BRL 685.1 million, 15 percent higher than the same period in 2020 and the highest in the year. Adjusted EBITDA was BRL 83.2 million, 27 percent lower than the same period of the previous year, benefiting from non-recurring items.
“Demand for our products and services remained favorable, which contributed to the positive result again in the quarter. Even with the challenges involving inflation, raw material supply, and global logistics, we develop solutions to achieve our commitments and strengthen the company’s presence with customers, new markets, and new geographies,” stressed the Director of Investor Relations, Hemerson de Souza.