Tupy posts record first-quarter Net Revenue and EBITDA

Figures show higher margins and benefits from operations acquired in Betim and Aveiro

Tupy’s main indexes saw a rise in 1Q22. Revenues totaled R$2.4 billion, 53% higher than in 1Q21. The adjusted EBITDA was an all-time high, with a growth of 58%, reaching R$314 million. This better operational performance also impacted the Company’s net result, with net income of R$74 million in the period vs. a loss of R$15 million in 1Q21.

We also highlight an increase in margins from the Betim and Aveiro operations acquired in October 2021. The synergies obtained from the integration of the new plants have contributed to improving the Company’s operational efficiency as a whole.

“The 1Q22 results show the benefits of our business model and the initiatives that have been intensified since last year. We adjusted our production processes, cost structures and expenses based on a lower volume, due to the challenges of our customers’ supply chain, higher prices and supply shortages,” highlights Fernando Cestari de Rizzo, CEO of Tupy.

 About Tupy

A Brazilian multinational company that develops and manufactures cast iron structural components with highly complex geometry and metallurgy. These engineering solutions are applied to the transportation, infrastructure, agribusiness, and power generation sectors, contributing to the quality of life of people, promoting access to health, basic sanitation, drinking water, and the production and distribution of food worldwide. The technological innovation involved in the design and manufacture of these parts has been the Company’s specialty throughout its more than 80 years of history. The production is concentrated in the Brazilian factories located in Betim (MG), Joinville (SC) and Mauá (SP), and abroad, in the cities of Aveiro, in Portugal, and in Saltillo, and Ramos Arizpe, in Mexico. Tupy also has commercial officers in Germany, Brazil, the U.S., and Italy.