Brazil-based OEM, Fras-le, has released its first half financial results for 2022, demonstrating positive performance with new record numbers.
The company reported a record net value of $1.5 billion BRL (approx. €285.4 million) in the first six months of the year, an index 20 per cent higher than the same period in 2021.
EBITDA reached $231.1 million BRL (approx. €44 million) in the first half with an EBITDA margin of 15.5 per cent.
Revenue in the second quarter was recorded at $782.6 million BRL (approx. €148.9 million) which represents a growth of 30.6 per cent year-on-year (YOY).
EBITDA reached $125.1 million BRL (approx. €23.8 million), 23.6 per cent higher than in the same quarter last year.
Fras-le Director – Investor Relations, Hemerson de Souza, said the results are a positive sign for the company’s progress.
“The results, added to the company’s history of resilience and continuous expansion through various brands in the domestic market and portfolio in the foreign market, show that the company is on the right track,” he said.
Revenue in the company’s foreign market totalled $117.2 million USD (approx. €115.2 million) in the first half, a 35.2 per cent increase compared to the same period last year.
In the second quarter, this revenue was $60.7 million USD (approx. €59.7 million). According to Fras-le, high demands and great sales levels boosted these numbers.
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