Marcopolo S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 31, 2023 at 07:09 pm EDT
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Marcopolo S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was BRL 159.86 million compared to BRL 59.11 million a year ago.
For the nine months, net income was BRL 538.86 million compared to BRL 191.24 million a year ago.
Marcopolo SA, formerly Marcopolo SA - Carrocerias e Onibus, is a Brazil-based company primarily engaged in the manufacture of buses. The Company's activities are divided into two business segments: Industrial and Finance. The Industrial division focuses on designing, producing and distributing bus bodies and spare parts. Its product lines comprise a range of models, including coaches, intercity, urban and micro buses, as well as light commercial vehicles (LCVs), which are marketed under the Volare brand name. The Finance division is responsible for financing transactions through Banco Moneo. Its financial products include personal and commercial credits, leasing with purchase option, short-term loans and credit lines. The Company operates through a number of subsidiaries in Brazil, Argentina, Mexico, Canada, South Africa and China, among others.
MARCOPOLO S.A. 
