Frasle Mobility registers record annual net revenue of R$3.4 billion

Result is 10.8% higher than achieved in 2022;

Adjusted EBITDA margin is 4.1 p.p. above last year.

CAXIAS DO SUL, Brazil, March 11, 2024 /PRNewswire/ -- Frasle Mobility achieved a new record result in 2023. The Company's consolidated net revenue ended the year totaling R$3.4 billion. This number is 10.8% higher than that recorded in the previous year and means that the Company has grown almost 2.5 times in the last five years. Adjusted EBITDA reached R$664.7 million for the year, an increase of 39.8%, while the adjusted EBITDA Margin was 19.6%, 4.1 percentage points above last year.

The results achieved last year meet all established Guidance projections, especially the EBITDA Margin target, which was revised over the past year as a result of better performance. Return on Invested Capital (ROIC) also registered a significant increase of almost 6 percentage points, reaching 19.3% in 2023. 

MAIN RESULTS ? 4Q23 | 2023
(Percentages indicate variations with the respective periods of 4Q22 and 2022 ? values in MM)

RESULTS VIDEO CONFERENCE
(In Portuguese with simultaneous translation into English)
03/12 ? 11am Brazil | 10am New York | 2pm London

Register / Access Videoconference: Click here

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

SOURCE Frasle Mobility