Revenues at Randon Group leap 30% in the first half of 2022
By Jim Gibbins - 21st September 2022
Brazil - In the first half of 2022, Empresas Randon SA (Randon Group) of Caxias do Sul, achieved consolidated net revenue of BRA5.2 billion (USD1bn), a 30% growth compared with the same period in 2021. The increase in revenues was largely driven by the strong performances of its activities in foreign market operations and exports as well as record revenue contributions from some of its subsidiary parts companies, such as Fras-le, Automakers and Autoparts. In 1H/22 its consolidated EBITDA grew 16.3% to BRA763.4m (USD146.8m) against BRA656.6m (USD126.3m).
Paulo Prignolato, CFO of Empresas Randon said this result for the year so far was positive within a challenging context, and that its diversified business model was proving to be successful: “….. the diversification strategy allows us to continue delivering resilient and sustainable growth.”
