Marcopolo (POMO4), one of the main bus manufacturers in Brazil, achieved a net profit of R$316.9 million, marking an increase of 34.1% compared to the same period of the previous year.
Marcopolo’s Ebitda (Earnings before interest, taxes, depreciation and amortization) in the first quarter reached R$315.4 million, with a margin of 19.0%. There was an increase of 1.3 percentage points in the margin compared to the first half of 2023, which recorded a margin of 17.7%. The percentage change in EBITDA was 7.7%.
The good performance of Marcopolo’s net profit and EBITDA can be attributed to several factors. With regard to net profit, the result was influenced by the same factors that impacted Ebitda and the financial result. On the other hand, Ebitda was boosted by the better sales mix, with an increase in volumes in the road segment, in addition to a positive result from the equity income of the Argentine affiliate Metalpar, contributing R$29.5 million.
Marcopolo (POMO4)
Marcopolo’s net revenue in the first half totaled R$1.656 billion, registering a variation of just 0.1% compared to the same period of the previous year. The drop in volumes in the urban and micro segments stands out, offset by the better sales mix compared to the first quarter of 2023. The growth in volumes in the highway segment and the positive result of the Argentine affiliate Metalpar boosted revenue.
With regard to cash and debt, Marcopolo generated R$148.7 million in cash from operating activities, while investment and financing activities consumed R$60.0 million and R$161.6 million, respectively. The final cash balance on March 31, 2024 was R$1.543 billion. Net financial debt totaled R$1.083 billion, with the majority coming from the financial segment (Banco Moneo).
The company
The company is a Brazilian company recognized worldwide as one of the main manufacturers of buses and bodies for public transport. Founded in 1949, the company has its headquarters in Caxias do Sul, in the state of Rio Grande do Sul.
Throughout its history, Marcopolo has stood out for the innovation and quality of its products, serving both the domestic and international markets. Its buses are used in several countries, being a reference in comfort, safety and efficiency.
In addition to producing urban and highway buses, Marcopolo also manufactures components and parts for the automotive sector. With a global presence, the company has industrial units in Brazil and other countries, such as Argentina, Colombia, Mexico, India, Egypt and Russia.
