Frasle Mobility announce record results in year’s first half

Brazilian vehicle parts manufacturer, Frasle Mobility, has recorded what it is calling historical results for the first half of 2023.

The company has reported net revenue of $1.8 billion BRL (approx. €335.1 million) which represents an increase of 18 per cent compared to the first six months of 2022.

“These are deliveries and results that award the company’s trajectory so far and support the company to continue growing,” said Frasle President and CEO, Sérgio L. Carvalho.

The adjusted EBITDA reached $376.6 million BRL (approx. €70.1 million) in the half-year, up 63 per cent, while adjusted EBITDA margin was 21.4 per cent, 5.9 percentage points higher than the same period of the previous year.

Revenue in the foreign market, which brings together exports from Brazil with the result of operations in other countries, totalled $585.2 million BRL (approx. €108.9 million).

The company said that, in addition to its results, it has implemented a new layout and functionalities to its service platform – the Auto Experts. It also started the commercialisation of a new product line in the Fremax brand, called Maxcoating, which offers discs and brake drums coated with anticorrosion paint that contains exclusive and patented nanotechnology, increasing its durability.

Frasle Mobility offers more than 14,000 products for motion control such as brake components, friction materials, suspension, steering and transmission in both light and heavy vehicles.

In May, Brazil-based OEM, Randoncorp, reported a successful first quarter.




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