FIBAM REFERENCIA EM FIXADORES 2012 Full Year & 2013 Q1 Report
The Company is a pioneer in producing metal fasteners for the auto parts and construction industry. Committed to advanced manufacturing technology and quality, the company is one of the industry leaders in Latin America and exports to global continents.
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FIBAM INDUSTRIAL COMPANY 2012 Result |
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2012 |
2011 |
YOY |
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Operating Revenue |
109,358 |
122,798 |
-10.94% |
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Gross Profit |
19,179 |
23,572 |
-18.63% |
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Product Sales |
139,315 |
157,150 |
-11.34% |
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FIBAM INDUSTRIAL COMPANY 2013 Q1 Result |
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2013 |
2012 |
YOY |
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Net Operating Revenues |
25,082 |
27,172 |
-7.69% |
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Gross Profit |
4,004 |
3,175 |
26.00% |
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Net Income |
1,340 |
2,966 |
-54.82% |
Slight recovery of industry performance resulting in increased production in 2013 Q1 compared to 2012Q1; Gross profit of R $ 4.0 million, with a margin of 16.0%, 4.3 pp higher than in 1Q12.
MESSAGE FROM THE MANAGEMENT
The year 2012 was full of challenges for the Brazilian automotive industry. While waited for answers about the uncertainties and threats originating from rich countries such as the slow recovery of the U.S. economy and worsening European crisis, the domestic market recorded decline in industrial production and frustration with the GDP performance. Nevertheless, lived with continuing inflationary pressure and rise in the dollar against the real. For 2013, we believe in a gradual resumption of growth in the numbers production units.
