Source: Randon Companies announcement
RIO GRANDE DO SUL, Brazil — In 2020, Randon Companies saw an increase in their consolidated net revenue, reaching BRL 5.4 billion, 6.5 percent higher than 2019 revenues. Gross revenues increased 5.6 percent in 2020 when compared to last year, totaling BRL 7.7 billion. Additionally, the company reached a consolidated EBITDA of BRL 1.2 billion, with a consolidated EBITDA margin of 22.1 percent, and a 2020 adjusted EBITDA of BRL 774.2 million, with an adjusted EBITDA margin of 14.2 percent.
Last year was marked by major acquisitions, such as the purchase of Nakata Automotiva by Fras-le, which contributed to the company’s growth in the Brazilian aftermarket and to a direct increase in revenue for the year.
In addition, Fundituba was purchased by Castertech, a foundry company that will expand the company’s production capacity, thus further strengthening its participation in the auto parts market.
Furthermore, 2020 saw the consolidation of the joint venture that created Randon Triel-HT, and the acquisition of metallurgical company Ferrari by Master.
To reinforce innovation, technology and automation-related actions, Randon Ventures, Conexo and Randon Tech Solutions Industry (RTS Industry) were created and incorporated, in addition to the creation of initiatives such as the CTR Innovation Lab.
Another highlight of the year was the admission of Suspensys to the select group of companies that make up the modular consortium of Volkswagem Caminhões e Ônibus, an important step towards the continuity of this growth process.
“Even in a challenging year, we performed very well, supported by our expansion plans and our investments in innovation, which continued as a focus point,” said Daniel Randon, CEO of Randon Companies. “In addition, last year gave us opportunities to accelerate projects involving our cultural and digital transformation, analyzing in more detail emerging topics and issues such as ESG, reviewing environmental initiatives and continuing to improve our corporate governance.”
In terms of the COVID-19 pandemic, 2020 presented a new social and economic scenario. As a result, Randon Companies adopted several measures and protocols in order to protect the health of all employees and their families, support the community and maintain the sustainability of its operations.
“Our collaborators were instrumental for us to end this year even more united as a team and even more prepared as an organization,” said Randon. “We sought, more than ever, to reinforce our care and appreciation for the 12,000 protagonists who are now part of the company.
“Additionally, we worked very closely with the communities where we operate, with actions that involved donating equipment, supplies and materials for individual protection and the manufacturing of respirator parts.”