In line with the pace of growth of the last four quarters, Fras-le presents another period of results. In the second quarter of 2021, the company recorded net revenue of R$ 599 million, 114% higher than the same period in 2020. The company also achieved total gross revenue, without elimination, of R$ 858 million, up 112% compared to the second quarter of the previous year, and gross profit 169% higher than in the same period last year, totaling R$ 174 million. In addition, the company's EBITDA reached R$ 101 million, 141% higher than in the second quarter of 2020.
Fras-le's historical performance is an effect of the sum of movements and strategies carried out by the company in recent years. In this quarter, in particular, the synergies leveraged by the acquisition of Nakata, the largest acquisition in the company's history, completed in September 2020, begin to gain ground in the company's numbers. "Nakata's business, combined on fras-le's platform, gain expressiveness. The initial expectation of the synergies we projected for the first five years was up to R$ 100 million accumulated. We have already reached 40% of this amount concentrated in spend e sourcing and the consolidation of Nakata's distribution centers in the city of Extrema, Minas Gerais," explains Investor Relations Director Hemerson de Souza.
Geographic diversification and product portfolio, a strategy reinforced by Fras-le in recent years, has also contributed to the organization's positive results throughout the quarter. Today, the company is present in more than 120 countries. The new product families, launched in the last three years, represent 39% of the company's revenues in the first half of 2021.
"The presence in different countries and the increase in our product mix contribute to an even more resilient performance to market movements. In addition, our constant investment in innovation enables us to anticipate trends, optimize processes and bring even more synergy between our operations, always aiming at the sustainability of the company's business", reinforces the CEO das Fras-le, Sergio L. Carvalho.
In the second quarter of 2021, the investments made by Fras-le totaled R$ 26 million, especially the construction of Nakata's new shock absorber plant in Extrema (MG), scheduled to be inaugurated in August. There are also contributions in machinery and equipment focused on projects involving productivity, automation, innovation and new products, in addition to continuous improvements and legal obligations.
Review of the Guidance 2021
Together with the release of results for the second quarter of the year,
Fras-le also announces the review of guidance for 2021, with the objective of adjusting the company's projections based on the performance recorded in the first half of the year. Below the updated Guidance:
Photography: Carlos Chiaradia