Frasle Mobility, a leading Brazilian auto parts supplier, reported net revenue of R$889.1 million in the third quarter of 2023, up 7.9% from the same period last year. The company’s adjusted EBITDA also increased by 37.9%, to R$190.2 million.
Why It Matters
Frasle Mobility’s strong results are a sign of the resilience of the Brazilian auto market and the company’s well-positioned business model. The company is benefiting from strong demand for automotive parts replenishment in Brazil, as well as its diversified product portfolio and geographic reach.
Key Points
- Frasle Mobility’s net revenue in the domestic market increased by 12.3% in the third quarter of 2023, to R$554.5 million.
- The company’s net revenue in the foreign market increased by 1.3%, to R$334.5 million.
- It’s consolidated gross profit increased by 23.1% in the third quarter of 2023, to R$319.3 million.
- The company’s adjusted EBITDA increased by 37.9% in the third quarter of 2023, to R$190.2 million.
Bottom Line
Frasle Mobility’s strong results in the third quarter of 2023 demonstrate the company’s resilience and its well-positioned business model. The company is benefiting from strong demand for automotive parts replenishment in Brazil, as well as its diversified product portfolio and geographic reach.
Additional Information:
- Frasle Mobility is a leading Brazilian auto parts supplier, with a presence in over 100 countries.
- The company’s product portfolio includes a wide range of auto parts, including friction materials, bearings, and filtration systems.
- Frasle Mobility is a major supplier to automakers in Brazil, including Volkswagen, Fiat, and General Motors.
