Brazil · Delayed Price · Currency is BRL Romi S.A. Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue fell 26.5% YoY, and adjusted EBIT was -BRL 9.1 million excluding tax credits. B+W orders and backlog strengthened, while weak Brazilian investment demand pressured core operations.
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Q2 2026 saw a recovery with net operating income of BRL 309.8M and an 8% EBITDA margin, though margins and net income declined year-over-year amid challenging market conditions. Order backlog remains robust, with BW showing strong growth and rental business expanding.
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Q1 2026 results were below expectations due to weak demand, but a strong order backlog and B+W's improved margins support optimism for recovery. EBITDA margin fell to 3.3%, while cash reserves remain robust. Macroeconomic headwinds and sector-specific challenges persist.
Fiscal Year 2025
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Consistent 2025 results were driven by B+W Machines' strong growth and a 15% increase in order backlog, despite macroeconomic caution and U.S. tariffs. Machine rental and export-focused strategies supported resilience, while net income and margins saw slight declines year-over-year.
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Net operating revenue grew 31.9% and adjusted EBITDA rose 60.8% year-over-year, driven by strong B+W performance and machinery rental growth. Order backlog increased 18%, but domestic demand for ROMI Machines declined amid macroeconomic headwinds.
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Order backlog and revenues grew across all business units, with B+W and Romi Machines showing strong performance. Margins declined year-over-year, but sequential improvements and robust cash position support a positive outlook for the second half of 2025.
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Order entry and net revenue saw robust double-digit growth year-over-year, with strong performance in both ROMI Machines and BW Machines. Profitability improved in core units, while a solid order backlog and ongoing investments support a positive outlook for 2025.
Fiscal Year 2024
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Q4 2024 saw robust growth in order intake, revenue, and margins, with strong performance in ROMI and BW Machines and record results in machine rentals. The company enters 2025 with a solid backlog and positive outlook, despite ongoing challenges in cast iron parts and global trade risks.
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Incoming orders and backlog rose sharply year-over-year, driven by domestic market recovery and machine rentals. EBITDA and net margins declined, but strong order books and new energy sector projects support a positive outlook for Q4 and 2025.
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Q2 2024 saw strong order recovery, with backlog up 11.4% from March and robust growth in ROMI Machines and B+W. EBITDA margin declined to 11.3% due to aggressive commercial efforts, but operational efficiency and new business in cast iron parts support a positive outlook.