Source: Randon Companies announcement
CAXIAS DO SUL, Brazil — In the first half of 2022, Randon Companies achieved consolidated net revenue of R$5.2 billion, a 30 percent growth compared to the same period last year.
The advance is driven by the performance of the foreign markets and revenue records in some of its business verticals, such as Fras-le, Trailers and Autoparts.
For the CFO of Randon Companies, Paulo Prignolato, the result so far presents positive numbers within a challenging context, which proves the efficiency of the strategy adopted, based on a diversified business model.
“Even in a complex scenario, the diversification strategy allows us to continue delivering resilient and sustainable growth,” he emphasized.
Randon Expands North American Presence
In relation to the second quarter of 2022, the company reached BRL 2.8 billion in consolidated net revenue, an increase of 31 percent compared to the same period in 2021.
Consolidated EBITDA was BRL 362 million, an increase of 12 percent, with a EBITDA of 13.1 percent. Revenues from the foreign market, which include both exports from Brazil and sales made by business units located in other countries, reached US$112.5 million, an increase of 58 percent compared to the same period last year, and an increase of 13 percent compared to the first quarter of this year.
Among the business verticals of Randon Companies, the main highlight in the second quarter of 2022 was the performance of the subsidiary Fras-le.
The company’s net revenue in the period reached BRL 782.6 million, which represents a 31 percent growth compared to the second quarter of 2021.
Some of the factors that favored Fras-le’s growth in the period were the growth of sales in aftermarket due to the low availability of new vehicles, the sale of brake linings for commercial vehicles, driven by agribusiness, and the strong export demand for friction material for the commercial line and brake discs for light vehicles.
“We achieved another quarter of record revenues, and we continue to carry out structural transformations in the company, seeking to build the future we desire today. It is part of our strategy to expand our revenues in geographies with great market potential and that bring a more resilient profile to our companies,” said Sérgio L. Carvalho, CEO.
Extensive information about the company’s first-half and second-quarter results can be found by clicking HERE.