Q3 2024 Fras Le SA Earnings Call Transcript
Key Points
- Fras-le SA (BSP:FRAS3) has successfully implemented a circular economy project, Recycle Max, which has significantly reduced raw material extraction by 3,000 tonnes.
- The company has been awarded as the best brake brand for the eighth consecutive year by the Union of the Vehicles Repair Union.
- Fras-le SA is expanding its market presence in Europe, particularly in the UK, with new product lines and sales channels.
- The acquisition of Copac in Mexico positions Fras-le SA as a leading company in the Mexican market, awaiting regulatory approval.
- The company has shown strong organic growth potential, with a 16% growth rate in the third quarter and an 8% growth rate over the nine months of 2024.
- Fras-le SA faced significant logistical challenges, including infrastructure limitations in Brazil and international shipping delays, impacting revenue by approximately BRL40 million.
- The company experienced a decrease in net income by 18% year-over-year, partly due to logistical issues and economic conditions in Argentina.
- There were additional costs related to raw materials and logistics, affecting the company's margins.
- Fras-le SA's operations were impacted by flooding in Rio Grande, affecting production and logistics.
- The company is facing challenges with the approval process for its acquisition in Mexico, which is still pending regulatory clearance.
Good morning. Welcome,This is the Q3 2024 earnings call for Frazzling mobility.
So before we begin, we'd like to give you some important notices.
This earnings call is being recorded. And after conclusion, we'll make it available on our website ri.fraslemobility.com. We have simultaneous translation into English for you to access that you have to click the interpretation button represented by a globe icon at the bottom of your screen. At the end of the presentation, we're going to have a Q&A session.
So the questions might be asked in two ways via audio by clicking the raise hand icon or in written form for the Q&A via the Q&A button.
So we'd like to tell you that any statement here presented during this video conference is not a guarantee because it refers to future events that are based on situations that may or may not occur.So we thank you for joining us.
We have here the COO Anderson Pontalti, the M&A and Ir Hemerson Fernandode Souza and as our guest, Ir Financial Director[Steven
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