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Randoncorp concluded 2024 with a landmark achievement, posting a record-breaking consolidated net revenue of R$ 11.9 billion (approximately US$ 2 billion), a 9.4% increase from 2023. This milestone, the highest in the company’s 76-year history, was driven by robust growth in its OEM and replacement parts segments, alongside strategic international expansion. The company’s Adjusted EBITDA rose to R$ 1.6 billion (nearly US$ 277 million), up 6% from the prior year, maintaining a solid 14% margin. Key developments, including acquisitions and new factory operations, bolstered its performance, despite challenges in some sectors. The fourth quarter alone saw a 27.5% revenue surge to R$ 3.3 billion, fueled by strong foreign market sales. Additionally, Randoncorp announced a leadership transition, with CEO Sérgio L. Carvalho stepping down in September 2025, succeeded by President Daniel Randon.
Key Highlights
- Revenue Milestone: Randoncorp’s R$ 11.9 billion net revenue marked a historic high, reflecting a 9.4% growth year-over-year, propelled by its focus on OEM and replacement parts.
- International Growth: Frasle Mobility, under the Movement Control vertical, achieved R$ 4 billion (US$ 694 million) in revenue, up 17%, boosted by global expansion and the pending integration of Dacomsa in Mexico.
- Auto Parts Recovery: The Auto Parts vertical rebounded with R$ 3.9 billion (US$ 676 million) in revenue, an 18.6% increase, driven by resumed truck production in Brazil and the acquisition of AXN Heavy Duty in the U.S.
- Fourth Quarter Surge: A standout R$ 3.3 billion (US$ 572 million) in Q4 revenue showcased a 27.5% rise from 2023, supported by semi-trailer deliveries in the U.S. and the addition of UK-based EBS.
The company’s Automobile vertical faced difficulties due to agribusiness challenges but regained market share in Brazil. Meanwhile, the Financial and Digital Services segment saw margin growth through the Rands brand. Randoncorp’s participation in Fenatran highlighted its leadership, unveiling innovations like the AT4T autonomous transport technology. Looking ahead, CFO Paulo Prignolato emphasized integrating new acquisitions for enhanced profitability.
RELATED: Randoncorp Announces CEO Transition
On the governance front, Sérgio L. Carvalho, who led Randoncorp’s internationalization since 2022, will transition to a senior advisory role in 2025, supporting strategic planning from the U.S. Daniel Randon, resuming the CEO role, aims to build on this foundation, ensuring sustainable growth. With operations in over 125 countries and 33 industrial units, Randoncorp’s 2024 performance underscores its resilience and global ambition.
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