Frasle Mobility Q1 Earnings Up

CAXIAS DO SUL, Brazil – The first quarter of 2023 closed with record numbers for Frasle Mobility. The company achieved BRL R$ 838.8 million in consolidated net revenue in the period, up 19% compared to the same months of 2022.

EBITDA reached BRL R$ 177.1 million in the quarter, up 67%; while the EBITDA margin recorded was 21.1%; 6.1% higher than the same period of the previous year.

The performance crowns the current moment of the company, which presented in April a new brand positioning to the market, with balanced and positive performance in all operations.

Revenue in the foreign market, which brings together exports from Brazil and the result of operations in other countries, totaled BRL R$ 276.7 million, up 11% compared to the last quarter of 2022.

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Frasle Mobility Announces a Rebranded Fras-le

In part, this indicator already reflects revenue increases from the acquisition of AML Juratek, in the United Kingdom, realized and consolidated during the quarter. With this unit, Frasle Mobility expands its operations in the European market and begins a new cycle of expansion.

“These are numbers that show, quarter by quarter, the assertiveness of the company’s business strategy. Our strengths for a positive performance are the products’ diversity offered and geographies reached. We also have a complete portfolio of auto parts for the control of movements, for the aftermarket. These strategies allows us to super pass moments of turbulence”, said the Director of Investor Relations at Frasle Mobility Hemerson de Souza.

The results of the first quarter marks the first stage of the new corporate brand, presented to employees and the market throughout the month of April, connected with other actions such as the participation in Automec, one of the most important fairs for the Brazilian automotive sector.

The new Frasle Mobility identity reinforces the business strategy as a global company focused on products development that ensures safety in the control of movement and services innovation through complete solutions for customers and partners.

With advanced technology and sustainability, the Company develops, produces and markets auto parts and services for various applications, which make up a complete portfolio of friction materials and components of brake, transmission, steering and suspension systems.

“We have repositioned ourselves as a complete platform for the automotive sector, a house of brands that brings together iconic brands leaders in their markets, reflecting the intense expansion cycles of the last decade, but especially projecting a future of new possibilities for evolution and growth,said the President and CEO of Frasle Mobility Sérgio L. Carvalho.

Leader in the auto parts aftermarket and one of the world’s largest manufacturers of friction material, being one of the leading suppliers of original parts for automakers, Frasle Mobility puts it within reach of the consumer More than 14,000 product references for motion control, such as brake components, friction materials, suspension, steering and transmission for applications in light and heavy vehicles, motorcycles and solutions for rail cars and aircraft.

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