Brazil · Delayed Price · Currency is BRL Marcopolo Earnings Call Transcripts
Fiscal Year 2025
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Record net revenue and profit in 2025 driven by exports and international operations, with strong dividend payout and continued focus on efficiency. Outlook for 2026 is stable, with growth expected in city buses and international markets, but risks from interest rates and market uncertainties remain.
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Q3 2025 saw robust international growth, with exports and external operations offsetting weaker domestic demand. Gross margin hit a record 26.7%, and net income was BRL 329.6 million. High interest rates continue to impact Brazil, but strong backlogs and international expansion support a positive outlook.
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Q2 2025 saw 18% revenue growth, strong margins, and a shift to higher-value coach buses, with international operations and exports driving results. Operational efficiency and automation remain strategic priorities, and a healthy backlog supports a positive outlook for the second half.
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Q1 2025 delivered strong international growth, with net income of BRL 243 million and a 14.5% margin. Margins were impacted by seasonality and a lower value-added sales mix, but order books are robust and profitability is expected to improve as the product mix shifts.
Fiscal Year 2024
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Q4 2024 saw robust revenue and profit growth, with strong domestic and international performance, especially in Mexico and Argentina. Outlook for 2025 is positive, with steady production, growing EV segment, and continued focus on efficiency and innovation.
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The company is experiencing strong recovery and growth, driven by innovation, electrification, and international expansion. Financial performance is robust, with stable margins and increased efficiency, while strategic investments in automation and R&D support long-term competitiveness.
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Q3 2024 saw record results with net revenue up 43%, net income at BRL 566.8 million, and EBITDA margin of 20.1%. Strong domestic and export growth, new product launches, and robust order books support a positive outlook, with continued investments in efficiency and innovation.
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Q2 2024 saw a 43% revenue increase and 79% net income growth, driven by strong operational leverage, product innovation, and improved international profitability. Investments in electric mobility and efficiency are expected to further boost margins and support future growth.