Metalfrio Solutions S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 19, 2024
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Metalfrio Solutions S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was BRL 534.7 million compared to BRL 496.6 million a year ago. Net income was BRL 32.3 million compared to net loss of BRL 63.3 million a year ago.
For the full year, sales was BRL 1,966.7 million compared to BRL 1,990.3 million a year ago. Net income was BRL 8.3 million compared to net loss of BRL 195 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.
METALFRIO SOLUTIONS S.A. 
