Metalfrio Solutions S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 12, 2021 at 11:25 pm
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Metalfrio Solutions S.A. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was BRL 468.1 million compared to BRL 384.6 million a year ago. Operating income was BRL 25.5 million compared to BRL 30.9 million a year ago. Net income was BRL 4 million compared to net loss of BRL 107.3 million a year ago.
Metalfrio Solutions SA is a Brazil-based company involved in the production of plug-in commercial refrigerators and freezers. The Company's activities are divided into two business segments: Products and Services. The Products division is responsible for the manufacture and sale of domestic and commercial refrigerators and freezers. The Services division focuses on the maintenance and technical assistance for the products, sale of spare parts to authorized dealers and product customers, as well as logistics services. The Company distributes products under a number of brand names, such as Metalfrio, Derby, Caravell and Klimasan. It operates production plants in Europe and the Americas. The Company's subsidiaries include Metalfrio Solutions Sogutma Sanayi ve Ticaret Anonim Sirket, Metalfrio Solutions Inc, Begur Transportes Rodoviarios, Logistica e Servicos Ltda and Metalfrio Solutions Mexico SA de CV.