Iochpe-Maxion makes a profit of R$ 33 million in the quarter

Iochpe-Maxion, a manufacturer of parts for the automotive and railway segments, turned around the net loss of R$ 3.2 million in the first quarter of 2009, with a profit of R$ 33 million between January and March this year.

The consolidated net operating revenue of the company came to R$ 496.7 million in the first three months of 2010, which is an increase of 70.9% when compared to the same period of 2009, when it was R$ 290.6 million.

According to the company, the main factors that have helped towards this result have been: the inclusion of the Fumagalli Division in the results, the growth in Brazilian production of vehicles and agricultural machines, highlighting the increase in the production of trucks, and also the expansion of the American production of light vehicles.

The exports by Iochpe-Maxion reached R$ 99.6 million in the first quarter of 2010, which is an increase of 126.8%, using an annual comparison. On the domestic market, sales increased by 60.9% to R$ 397.1 million.

Out of the different divisions that make up the company, the wheels and chassis division was responsible for 56.7% of the consolidated net operating revenue of the first quarter of 2010, while the automobile parts division accounted for 7% and Amsted-Maxion Casting and Railway Equipment accounted for a further 10.3%.

The Fumagalli Division, which was acquired in September 2009, accounted for 26% of the revenue for the first three months of the year.

The earnings before interest, taxes, depreciation and amortization (Ebitda) of Iochpe-Maxion grew by 202.7% between January and March this year, compared with the same period of 2009, increasing from R$ 25.2 million to R$ 76.3 million. The Ebitda margin, in turn, rose from 8.7% to 15.4%.

Fonte: Valor Online