Fras-le posts net revenue growth in the first quarter of 2022

Fras-le posts a positive performance in first quarter 2022 results. The company achieved consolidated net revenue of R$ 704.8 million, representing 10% growth compared to the first three months of last year. The indexes reflect a quarter of balance between the price recompositions of the marketed products and production costs and the exchange variation of the period. EBITDA reached R$ 106 million, with a margin of 15%, down 4.6 percentage points compared to the first quarter of 2021, favored by exceptional demand, foreign exchange and non-recurring effects.

"With about 90% of our revenue stemming from aftermarket and a diversified model of products and markets, we have achieved results that reflect our ability to balance and resilience, especially in challenging times", reinforces the Director of Investor Relations at Fras-le, Hemerson de Souza.

The year 2022 began with positive demand in several markets and geographies, especially in North American countries. The results in the foreign market, between exports and revenues generated by operations outside Brazil, totaled US$ 56.5 million in the first quarter, 32.8% higher than the same period of the previous year.

"The scenario and results confirm our permanent focus on the search for operational efficiency, expanding synergies in the business and between the companies that make up the company, betting even stronger on new technologies. Also the recent capitalization we seek, the result of the public offering of new shares, opens opportunities for a new context of expansion", design the President and CEO of Fras-le, Sérgio L. Carvalho.

In April, the company consolidated an offer of shares that raised about R$ 629 million, that will be directed to the continuity of the company's expansion strategy and to investments in innovation. The primary public distribution was 52,450,000 new shares.

Key figures

Photography: Carlos Chiaradia