Weg reports net income of R$ 874 million in the 4th quarter, up 17.8% in one year

Weg ended the fourth quarter of 2021 with a net income of R$874 million, up 17.8% over the same period of the previous year. Ebitda (earnings before interest, taxes, depreciation and amortization) totaled R$ 1.124 billion in the last quarter of the year, an increase of 14.7% compared to a year earlier.

The Ebitda margin dropped 2.9% percentage points to 17.2%.

According to the company, the challenges in the global supply chain and the consequent increase in raw material costs, together with the change in the product mix, notably due to the return of revenue from new wind generation projects, resulted in reduced margins. operating in this quarter.

Net operating revenue totaled BRL 6.540 billion between October and December, up 33.7% from the last quarter of 2020, with 28.6% in the domestic market and 38.1% in the foreign market.

Cash generation from operating activities was R$939.4 million in 2021. This result was impacted by the greater need for working capital in the period, notably in relation to the increase in the company’s inventories.

This move was necessary due to the volatility and uncertainty scenario in the global supply chain.

In the fourth quarter, the company invested R$321.3 million in modernization and expansion of production capacity, machinery and equipment and software use licenses, 52% of which were allocated to production units in Brazil and 48% to industrial parks and other facilities in the outside.

Source: CNN Brasil

You may also like