The BRAKE Report
  • Home
  • News
    • Automotive
    • Commercial Vehicle
    • Motorcycle/ATV
    • Motorsports
    • Rail
    • Other
  • Interviews
    • Coffee Brake
    • Leadership Spotlight
  • Technical Articles
  • Test Drives
  • Brake Careers
  • Sponsors
  • Subscribe
Monday, March 8
  • About
  • Contact
  • Sponsorship Guide
Facebook Twitter Instagram YouTube LinkedIn
The BRAKE Report
  • Home
  • News
    • Automotive
    • Commercial Vehicle
    • Motorcycle/ATV
    • Motorsports
    • Rail
    • Other
  • Interviews
    • Coffee Brake
    • Leadership Spotlight
  • Technical Articles
  • Test Drives
  • Brake Careers
  • Sponsors
  • Subscribe
The BRAKE Report
Home » Other » Randon Companies First Half Revenue of BRL 2 billion
Other

Randon Companies First Half Revenue of BRL 2 billion

The Brake ReportBy The Brake ReportAugust 17, 2020No Comments3 Mins Read
Randon Companies CEO Daniel Randon
  • LinkedIn
  • Twitter
  • Facebook
  • Print

Source: Randon Companies announcement

RIO GRANDE DO SUL, Brazil – Randon Companies finished the first half of 2020 reaching a net revenue of BRL 2.1 billion, an important performance for the company’s business during the challenges of the Covid-19 pandemic scenario. In the first six months of the year, the company achieved consolidated EBITDA of BRL 261 million, with an EBITDA margin of 12.4 percent.

In the second quarter of 2020 Randon Companies recorded a consolidated net revenue of BRL 933 million, a reduction of 28 percent compared to the same period in 2019, and consolidated EBITDA of BRL 154 million, 24 percent lower than the second quarter of the previous year.

The figures reflect the difficulties faced by the automotive sector, which, since 1957, did not register a month with production as low as in April 2020. According to data from the National Association of Automobile Manufacturers (Anfavea), the production of automobiles, light commercial vehicles, trucks and buses fell between 85 percent and 99 percent compared to April 2019.

Related post:
Fras-le Net Revenue R$ 620m in First Half of 2020

According to Randon Companies’ Chief Financial Officer, Paulo Prignolato, April was the most affected period, mainly due to the complete shutdown of some sectors. In this context, the organization made important moves to preserve and strengthen its cash, actions that brought results to improve the company’s business.

“Although the figures for the second quarter of 2020 were less than planned for the year, they were better than expected at the beginning of the pandemic”, said Prignolato.

The company’s favorable performance was driven by the resumption of some segments, which began in May. Agribusiness was the main one, benefiting from the record harvest, the increased demand for grains abroad and the favorable exchange rate. In addition to that, exposure to the aftermarket and sales abroad were also critical for the Auto Parts Division, at a time when truck manufacturers reduced demand considerably.

Randon Companies have the positive contribution of a diversified business model, which covers different economic sectors, geographies and a broad product portfolio, factors that bring resilience to businesses in adverse market moments.

According to Randon Companies’ CEO, Daniel Randon, in the second quarter, the company reinforced its safety protocols to protect the health of employees and their families and emphasized actions to ensure the continuity of operations.

“Now, more than ever, due to the scenario we are experiencing, we have made it a priority to take care of people and society. We understand that at the moment, everyone has to do their part, and for this, the company contributed with actions and donations to the communities. For the next few months, we will continue with the same focus, going to great lengths to ensure the safety of the teams and the sustainability of the local and global economy”, highlights Randon.

To view the entire announcement, click HERE.

The Brake Report
The Brake Report
  • Website
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn

The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest news & headlines from around the industry.

Related Posts

Knorr-Bremse's 2020 preliminary results are excellent

Preliminary 2020 Results Solid for Knorr-Bremse

March 5, 2021
MEYLE AG was named one of the TOP 100 medium-sized companies in Germany

TOP 100 Award 2021 Won by MEYLE AG

March 5, 2021
The innovative charged air duct systems, which Continental is manufacturing in its new Mexican factory for the local markets, will increase vehicles’ engine efficiency

Mexican Investment will Continue for Continental

March 5, 2021
Industry Partners
Official Media Partner of
About

The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest coverage of news & insights from around the industry.

Latest News
TMD Friction expaned its aftermarket range by 827 products in2020

TMD Friction Continues to Expand its Offerings

March 8, 2021
The new Honda Legend will feature Honda SEDNSING Elite safety and ADAS features

Honda SENSING Elite Coming in Honda Legend

March 5, 2021
Translate:

Type above and press Enter to search. Press Esc to cancel.