INSUBCONTINENT EXCLUSIVE:
Randoncorp, the leading Brazilian mobility solutions provider, reported its fourth quarter and full-year 2024 results yesterday, revealing
remarkable performance despite multiple operational challenges.The company posted a net profit of R$117.8 million ($20.7 million) in the
fourth quarter, representing a 112.7% increase compared to the same period in 2023
Revenue for the quarter reached R$3.26 billion ($571.9 million), up 27.5% year-over-year.For the full year 2024, Randoncorp achieved its
highest-ever consolidated revenue of R$11.9 billion ($2.09 billion), growing 9.4% from 2023
Annual profit totaled R$408.5 million ($71.7 million), a 7% increase over the previous year.The company boosted its global footprint through
Its largest international purchase occurred in June when it acquired Mexican auto parts company Kuo Refacciones for R$2.1 billion ($368.4
million).Randoncorp also bought UK-based EBS Group for approximately R$410 million ($71.9 million) in October
Most recently, the company acquired US-based AXN Heavy Duty for $12.3 million plus $37 million for inventory.Brazilian Mobility Giant
Randoncorp Reports 112% Profit Surge Despite Higher Debt
(Photo Internet reproduction)AXN reported annual revenue of $65 million for fiscal year 2024
StrategyThe company faced reduced truck sales due to emission technology changes, agricultural sector underperformance, disruptive floods in
million), up 47.5% year-over-year
The leverage ratio rose to 2.89 times EBITDA from 2.02 times at the end of 2023.Carvalho expects this ratio to improve to around 2.0-2.2
times by the end of 2025 as acquired companies fully integrate into operations
He noted that combined revenues with all acquired companies would exceed R$14 billion ($2.46 billion).The company now operates 31 industrial
units worldwide and serves over 120 countries
