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 …