São Paulo – The Randon Group companies’ exports to the Middle East increased in the year’s first half. The region accounted for 2% of the group’s exports from January to June of 2017, against 2.3% in the same period of 2018, according to data shown by the group this Wednesday (8) after the end of the trading day.
The group released a performance report from all nine of its controlled companies, among them the trailers and semi-trailers-manufacturer Randon Implementos, the off-road truck-manufacturer Randon Veículos, the suspensions and axles-manufacturer Suspensys, the friction materials-manufacturer Fras-le, and the automotive systems-manufacturer Jost.
According the report, the group’s exports to Africa also increased, going from 4.1% in last year’s first half, to 4.2% in the same months of this year. Overall, the group’s exports climbed 16.2% in the same comparison, from BRL 231.5 million to BRL 269 million. In dollars, they climbed 7.3%, from USD 72.4 million to USD 77.7 million.
Africa and the Middle East, where the Arab countries are located, are not the main destinations for the Randon companies’ exports. Mercosur and Chile lead the destination ranking with 46.2%, followed by NAFTA (United States, Canada and Mexico) with 33.6%, other countries in South and Central America with 9.1% and then Africa. Europe accounts for 2.7%, followed by the Middle East and then Asia, with 1.4%, and Oceania, with 0.5%.
“After a hardship period, the African market began to show recovery signs, especially after the continuous price increase of the oil barrel throughout 2018. Countries such as Ghana, Mozambique, Angola and Congo resumed their purchases of parts and road implements,” stated Randon in the report, referring to Q2 2018.
From April to June, the group’s exports revenues reached BRL 145.5 million, up 9.3% over the same months of 2017. However, in dollars, exports revenues slid 1.3% in the same comparison, from USD 41.5 million to USD 40.9 million. In this year’s first half, Randon’s total gross revenues climbed 46.6%, reaching BRL 2.7 billion (USD 740 million). In Q2 2018, total gross revenues reached BRL 1.4 billion (USD 380 million), up 40.3%.
“Despite the still timid growth of the Brazilian economy, the fleet renewal trend, driven mainly by large fleets, remains the main factor responsible for the increase in sales of trucks and road implements in the country,” said the group in the performance report.
Translated by Sérgio Kakitani
