The first steel foundry in Santa Catarina, Electro Aço Altona, from Blumenau, had net operating revenue of R$495.4 million in 2023, a performance practically identical to that of 2022 (R$492.1 million), with a slight variation of 0 .7%. Net profit for the year was R$49.3 million, an increase of 33%. The company’s operating balance, which just turned 100 years oldwas released this week.
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The higher profit was influenced by “extraordinary” revenues, according to Altona, including a compensation paid by Celesc following a legal dispute involving an electricity supply contract. The dispute had been going on for 20 years and had a favorable outcome for the company.
Despite the drop in sales in Brazil, Altona balanced its balance sheet with record revenues from abroad. Contrary to the national market, which suffered a 30% drop in the export of steel production, the company increased international sales by 11.5% – 5.8 thousand tons. The company reports that it was responsible for 20% of cast steel exports in the country in 2023.
PHOTOS: From its origins to NASA, mural art reveals Altona’s trajectory
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
Photo: Pedro Machado, NSC Total
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With around 1,400 employees, Altona also highlights, in its balance sheet, that it has invested R$190 million over the last five years. In 2023, the contributions were allocated to the modernization of casting, finishing and machining equipment, process improvements, compliance with environmental programs and health and safety at work.
For 2024, the company says it expects a year “with many movements, opportunities and strategic positioning” based on greater demand.
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