Brazil · Delayed Price · Currency is BRL WEG S.A. Earnings Call Transcripts
Fiscal Year 2026
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Net revenue declined 6.1% year-over-year due to lower solar deliveries and exchange rate impacts, but EBITDA margin improved to 22.2% and ROIC remained high at 33.1%. Strong order intake and investments in capacity expansion support a positive outlook for long-cycle businesses.
Fiscal Year 2025
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Revenue and EBITDA declined year-over-year due to the absence of wind and solar projects in Brazil, but margins improved to 22.4% on a better product mix. Robust investments and capacity expansions are underway, with a positive outlook for core businesses despite exchange rate and geopolitical risks.
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Net revenue grew 4.2% year-over-year, with EBITDA up 2.3% and a margin of 22.2%. Investments in capacity expansion and e-mobility solutions continued, while tariffs and raw material costs present short-term challenges. ROIC remained strong at 32.4%.
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The company is accelerating its transformation into a global solutions provider, investing heavily in capacity, digitalization, and sustainability. Strategic acquisitions, new plants, and expanded service offerings support growth in energy transition, grid reliability, and electric mobility, while maintaining strong margins and returns.
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Net revenue rose 10.1% year-over-year, with EBITDA up 6.5% and a margin of 22.1%. T&D and solar segments drove growth, while wind declined. Capacity expansions are underway, and the outlook remains positive despite macroeconomic uncertainties.
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Net revenue grew 25% year-over-year, driven by strong GTD and solar project deliveries, while EBITDA rose 22.8% to BRL 2.2 billion. Margins declined slightly due to product mix, and CapEx focused on expanding T&D and industrial capacity. Solar revenue is expected to decelerate in H2 2025.
Fiscal Year 2024
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Revenue and EBITDA saw strong double-digit growth year-over-year, driven by robust demand in Brazil and international markets, especially in T&D and solar. Investments and acquisitions expanded capacity and geographic reach, while margins are expected to remain healthy despite normal fluctuations.
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Net revenue grew 22.1% year-over-year, with EBITDA up 27.9% and margin at 22.6%. T&D and industrial motors drove growth, while wind and solar declined. Recent acquisitions and major investments are set to expand capacity and support continued strong performance.
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Recent acquisitions and integration efforts have expanded global reach, product offerings, and operational efficiency, with a strong focus on verticalization, energy transition, and digitalization. Financial performance remains robust, and internationalization is accelerating, supported by investments in capacity and technology.
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Revenue grew 13.4% year-over-year, with EBITDA up 15.7% and margins improving due to strong long-cycle equipment demand and successful integration of acquired businesses. CapEx is set to rise, and outlook remains positive, especially in T&D and electrification projects.