CAXIAS DO SUL, Brazil —In 2022, Randon Companies reached the highest consolidated net revenue in its 74 years.
BRL 11.2 billion were booked, which represents an 23-percent increase in comparison with the accumulated result of the previous year. The amount is also higher than guidance, which are the projections released by the company for the year.
In 2022, consolidated EBITDA was BRL 1.5 billion, with an EBITDA margin of 13.5 percent.
Revenue from the foreign market, which includes exports from Brazilian units and sales from subsidiaries located abroad, reached BRL 436 million in the year, a 40-percent increase when compared to 2021 and 18-percent above the top guidance forecast for that indicator.
Randon Companies Revenue up 30% H1 2022
A diversified business model, with access to markets in new countries, portfolio expansion, company acquisitions, winning new customers and offering innovative and more sustainable products, combined with positive scenarios in markets such as replacement auto parts, are key factors for the indicators achieved.
Positive numbers in the fourth quarter
The consolidated net revenue of Randon Companies reached BRL 2.8 billion in the fourth quarter of 2022, an increase of 12 percent compared to the same period of 2021.
Consolidated EBITDA totaled BRL322 million, with an EBITDA margin of 11.3 percent, a 1.2-percent increase in relation to the previous year. Revenues from the foreign market reached BRL 102.6 million, up 13 percent.
“The fourth quarter of 2022 ends an intense and challenging cycle, from which we leave with a feeling of accomplishment. Even in a complex macroeconomic scenario and with high competitiveness in our markets, we achieved historic revenue records as a result of our sustainable growth strategy and the initiatives we have carried out over the last few years to make the Company less and less exposed to market cycles,”said the CFO of Randon Companies Paulo Prignolato.
Global expansion and sustainability on the horizon
2022 was marked by important movements to make the activities of Randon Companies even more global, with a presence in mature markets for the business units.
The highlight was the entry of the Trailers vertice in the United States, with the acquisition of the company Hercules, completed in November, and the unprecedented export of semi-trailers made in Brazil to the U.S.
More recently, in February, the Fras-le subsidiary announced the acquisition of the U.K. auto parts manufacturer Juratek, an operation made possible with part of the follow-on funds carried out in April 2022.
Actions to achieve the objectives outlined in the Randon Companies’ ESG Ambition were accelerated. By 2030, the Company expects to invest more than BRL 100 million to generate renewable energy, which will supply industrial units around the world.
Fras-le’s operation in China already has its first photovoltaic plant, and the next delivery, from a series of projects, will be a plant with around 2,300 solar panels, which is under construction at the Centro Tecnológico Randon (CTR), in Brazil.
“We are strengthened and confident about the future, which is very promising due to the various opportunities we envision, such as increased exposure to the North American and European market, synergy gains with new acquisitions, and with the launch of innovative and disruptive solutions for transport. These projects, in addition to increasing our market share and consolidating us in a leadership position, allow us to bring benefits to our customers and society, also contributing to the global sustainability agenda, and which reflect our purpose of connecting people and wealth, generating prosperity,” said the CEO of Randon Companies Sérgio L. Carvalho.