Kepler Weber exports up 227%
16 de maio de 2016
The storage equipment maker reported BRL 25.9 million in net income in Q1 this year. The company is working to increase sales in Africa, Latin America and Eastern Europe.
São Paulo – The Brazilian storage equipment manufacturer Kepler Weber saw exports increase by 227.1% in Q1 this year, it reported this Monday (16th). Net income from foreign sales went from BRL 7.9 million (USD 2.6 million on Mar 31, 2015) in Q1 2015 to BRL 25.9 million (USD 7.3 million on Mar 31, 2016) in Q1 2016.
In its financial statements, Kepler Weber states that the performance is the result of an ongoing strategy to open up new vistas in the African continent and strengthen its position in Latin America and Eastern Europe, taking advantage of favorable exchange rates. Countries in the Middle East and North Africa are among the importers of the company’s products.
Kepler Weber also saw net income go up 7.3% to BRL 115.8 million in Q1 from a year ago. Gross income soared 225.1% to BRL 9.8 million, but the company posted BRL 5.7 million in net losses and was BRL 6.8 million in debt at the end of Q1.
The company points out that even though the net income went up, there was a flattening due to Brazil’s economic-political scenario, the credit limitation arising from the availability of resources and the interest rates increase in the funding lines of the Warehouse Expansion and Construction Program (PCA).
But Kepler Weber states in its report that the storage deficit is still a reality in Brazil and that this, along with a larger crop and dammed up investments, should demand a significant volume of new investments in the sector. The company says that it will keep the strategy of diversifying revenue sources in areas such as exports, handling of dry bulk cargo and replacement of parts and services.
Kepler Weber was founded 90 years ago and specializes in the development of end-to-end solutions for storage of grains and handling of dry bulk cargo in port terminals, transshipment and mining hubs. The company operates in more than 40 countries.
*Translated by Gabriel Pomerancblum and Sérgio Kakitani