São Paulo – Brazilian grain storage equipment manufacturer Kepler Weber recorded a 93.6% increase in revenues in the third quarter of this year compared with the same period of 2010. According to figures disclosed by the company, export revenues rose from 11.9 million reais to 23 million reais (US$ 6.7 million to US$ 13 million).
According to the company, Egypt, Paraguay, Uruguay, the United States, Guiana, Venezuela, Ecuador, Nigeria, Angola, Argentina, Chile, Bolivia, Panama, the Dominican Republic, and Peru are the leading foreign markets for the company, which posted net revenues of 125.7 million reais (US$ 71.1 million) from July to September. Kepler Weber net revenues grew by 28.4% during the period.
“The company’s good export performance is the result of a trade policy that aims to establish Kepler Weber as a leading player on the market,” according to the company. Both in Brazil and abroad, the company’s customers are cooperatives, farmers, processing companies, trading companies, and others.
Kepler Weber makes storage systems such as metallic silos, grain driers, grain cleaning, pre-cleaning and transport machinery. The company was established in 1925, leads the Brazilian grain storage market, and is headquartered in Porto Alegre, capital of the state of Rio Grande do Sul. Its controlee, Kepler Weber Industrial, is based in the municipality of Panambi, also in Rio Grande do Sul, with a branch in Campo Grande, in the state of Mato Grosso do Sul.
In the third quarter this year, the company posted gross revenues of 26.8 million reais (US$ 15.1 million), a 10% increase over the same period of last year. Net profit stood at 8.2 million reais (US$ 4.6 million), representing a 24% increase. The Ebitda stood at 18.3 million, a 26% increase, and investment reached 13 million reais (US$ 7.3 million), a 30% increase. The company has 279.8 million reais (US$ 158.3 million) in equity.
*Translated by Gabriel Pomerancblum
