Frasle Mobility reaches R$841.3 million in net revenue in the first quarter of 2024

USA - English

• BRAZIL - Portuguese

CAXIAS DO SUL, Brazil, May 7, 2024 /PRNewswire/ -- Frasle Mobility ended the first quarter of 2024 with stable net revenue compared to the same period last year. The Company recorded a consolidated result of R$841.3 million, a positive variation of 0.3% compared to the first three months of 2023. Adjusted EBITDA reached R$154 million, while the adjusted EBITDA Margin recorded was 18.3%. Revenue from the foreign market, which encompasses exports from Brazil with the performance of operations in other countries, totaled R$341.9 million, an increase of 6.4%.

The quarter also marks the first year of the acquisition of Juratek, in the United Kingdom, boosting the strategy of expanding the company's global operations in mature markets.

MAIN RESULTS – 1Q24
(Percentages indicate variations compared to the respective periods of 1Q23 and 4Q23 – values in MM)

RESULTS VIDEO CONFERENCE
(In Portuguese with simultaneous translation into English)
05/08 – 11am Brazil | 10am New York | 3pm London

Register / Access Videoconference: Click here

IR Contact
E-mail: [email protected]
Site: https://ri.fraslemobility.com/
Hemerson Fernando de Souza
Phone: +55 54 3239.1519

SOURCE Frasle Mobility