Marcopolo’s revenue grew by 72.5% in the first quarter

By Redação AutoIndústria | 05/04/23 | Translated by Jorge Meditsch

Marcopolo closed the balance of the first quarter of 2023 with a 72.5% revenue growth over the same period last year, reaching R$ 1.65 billion.

Consolidated net profits reached R$ 236.3 million with a 14.3% margin, compared to R$ 98 million and 10.2% one year ago. EBITDA was R$ 292.8 million with a 17.7% margin, versus R$ 51.3 million and 5.4% in the first trimester last year.

In the first three months this year, the company’s bus production increased by 12.4%, with 3.4 thousand units, 2.9 thousand of them assembled in Brazil, a 9.6% growth. The volume corresponds to 50.1% of national body construction.

“The period was positive, especially for the G8 sales, which were more than 70% of the company’s heavy road buses. The freight sector kept its good performance. In the urban segment, we verified a growing sales volume impulsed by the return to in-person work and municipal subsidies and direct investments”, said André Armaganijan, Marcopolo’s CEO.

The company ponders that, despite the change from Euro 5 to Euro 6 environmental regulations and the consequent increase in chassis prices, the segment keeps showing interest in expanding the fleet.

Marcopolo’s production abroad reached 490 units, a 32.8% high. The company emphasizes the performance of Mexico, where it reverted from a R$ 2.4 million loss in the first trimester of 2022 to an R$ 11.4 million profit in 2023.