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Frasle Mobility reached a significant milestone by achieving a consolidated quarterly net revenue of R$ 1 billion for the first time, representing a rise of 16.6% in comparison to the third quarter of the preceding year.

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CAXIAS DO SUL, Brazil, November 6, 2024 /PRNewswire/ — In 2024, net revenue reached R$2.8 billion, representing an increase of 8% compared to the same period in 2023.

Frasle Mobility adjusted EBITDA also showed growth, ending the quarter at R$195.4 million, representing an increase of 2.8% compared to Q3 2023. The adjusted EBITDA margin reached 18.9%, showing the company’s operational strength, even with the challenges that came up during the period.

During Q3, the company maintained its commitment to developing new projects and exploring the strong demand in multiple markets, with a particular emphasis on the replenishment segment in Brazil. This growth was sustained by the strategy of expanding and enhancing businesses, despite the operational challenges associated with port logistics.

These results reinforce Frasle Mobility’s position as a relevant player in the mobility and automotive parts industry, reflecting its ability to adapt itself and grow in response to market demands and operational difficulties. The company continues to strengthen its position in the market by investing in innovation and effectively meeting consumer demands.

MAIN RESULTS – Q3 2024
(Percentages show variations in the respective periods Q3 2023 and 9M 2023 – values in MM)

Consolidated net revenue: 

Q3 2024: R$1036.5 (+16.6%) | 9M 2024: R$2858.0 (+8.0%)

National market net revenue: 

Q3 2024: R$647.8 (+16.8%) | 9M 2024: R$1735.0 (+8.4%)

Foreign market net revenue: 

Q3 2024: R$388.7 (+16.2%) | 9M 2024: R$1123.0 (+7.3%)

Foreign Market Revenue (Exports + operations abroad): 

Q3 2024: US$70.1 (+2.3%) | 9M 2024: US$214.3 (+2.5%)

Consolidated gross profit: 

Q3 2024: R$330.9 (+3.7%) | 9M 2024: R$936.1 (+0.0%)

Operating profit: 

Q3 2024: R$154.2 (-2.4%) | 9M 2024: R$347.7 (-24.6%)

EBITDA:

Q3 2024: R$191.2 (+0.5%) | 9M 2024: R$457.5 (-17.4%)

Consolidated net income: 

Q3 2024: R$89.0 (-16.1%) | 9M 2024: R$239.6 (-18.7%)

Adjusted EBITDA: 

Q3 2024: R$195.4 (+2.8%) | 9M 2024: R$512.0 (-9.7%)

ROIC 

Q3 2024: 12.9% (-4.2 p.p.)

VIDEO CONFERENCE OF RESULTS
(In Portuguese with simultaneous translation into English)
11/07 – 11am Brazil | 9am New York | 2pm London
Register / Access Video Conference: Click here

IR Contact
Email: ri@fraslemobility.com
Website: https://ri.fraslemobility.com/
Hemerson Fernando de Souza
Phone: +55 54 3239.1519

View original content:https://www.prnewswire.com/news-releases/frasle-mobility-reached-a-significant-milestone-by-achieving-a-consolidated-quarterly-net-revenue-of-r-1-billion-for-the-first-time-representing-a-rise-of-16-6-in-comparison-to-the-third-quarter-of-the-preceding-year-302298051.html

SOURCE Frasle Mobility

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AABE, FPL and Partners Hosted the Blacks in Energy Event and Generator Build Competition at Palm Beach Lakes Community High School

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Black Energy Awareness Month event in West Palm Beach.

WEST PALM BEACH, Fla., Nov. 23, 2024 /PRNewswire-PRWeb/ — In recognition of Black Energy Awareness Month, members of the American Association of Blacks in Energy (AABE), Florida Chapter, partnered with Florida Power & Light Company (FPL), and others, to host and conduct a Generator Build Competition at Palm Beach Lakes Community High School in West Palm Beach, Florida.

“It is such a joy and delight to witness the determination of these young and ambitious students who are focused-driven and eager to excel,” says Whitney Walker, Lead Community Relations Specialist with Next Era Energy/FPL.

During the event, high school students were provided with an overview of the energy industry and introduced to the field of engineering. The students met with and heard from engineers and senior managers in the industry, and took part in the generator build competition, where they learned the basics of generator theory and how electric voltage is created. Each member of the competition’s winning team received a $50 gift card.

“It is such a joy and delight to witness the determination of these young and ambitious students who are focused-driven and eager to excel,” says Whitney Walker, Lead Community Relations Specialist with Next Era Energy/FPL.

Other empowering speakers included: Dr. Michelle Saunders, Lead Project Manager – Distribution, Next Era Energy/FPL; Norman Riemer, SECME District Coordinator – Palm Beach County School District; Dion Watson, Director – Next Era Energy Resource Development – Next Era Energy/FPL; Oleg Andric, Department Chair & Professor, Electric Power Technology – Palm Beach State College, and Jasmine Govan, Community Relations Specialist, Next Era Energy/FPL.

This event was made possible by the generous support and involvement of the American Association of Blacks in Energy (AABE) – Florida Chapter, Florida Power & Light Company, NextEra Energy, Inc., the University of Florida – SECME of Palm Beach County School District, Palm Beach State College and Palm Beach Lakes Community High School.

About AABE

Established in 1977, the American Association of Blacks in Energy (AABE) is an association founded and dedicated to ensuring the input of African Americans and other minorities into the discussions and developments of energy policies regulations. The national membership includes more than 1,600 professionals representing every sector of the energy industry. There are 40 chapters located in states, metropolitan areas and college campuses around the country. AABE utilizes the expertise of their members to analyze energy policy and serve as a resource for community leaders, consumers, policymakers and regulators on the impact that these policies have on underrepresented communities.

The members of AABE are committed to building the pipeline of African Americans in leadership positions in the energy industry. Through scholarship programs, students who plan to major in science, mathematics, engineering and technology have the opportunity to receive scholarships on the local, regional and national level. The AABE members have the opportunity for professional development at chapter meetings, regional and national conferences. For more information about the association, visit www.aabe.org.

Media Contact

Bernadette Morris, Sonshine Communications, 1 3059488063 201, bmorris@sonshine.com

View original content to download multimedia:https://www.prweb.com/releases/aabe-fpl-and-partners-hosted-the-blacks-in-energy-event-and-generator-build-competition-at-palm-beach-lakes-community-high-school-302314611.html

SOURCE AABE

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Siemon Introduces Bundled Fiber Trunks for Faster, More Efficient Network Deployments

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The Siemon Company, a global leader in network infrastructure solutions, is proud to announce the launch of its new Bundled Fiber Trunks. Designed to streamline fiber optic network installations and reduce deployment time, Siemon Bundled Fiber Trunks offer a cost-effective and reliable option for a variety of projects.

WATERTOWN, Conn., Nov. 23, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, is proud to announce the launch of its new Bundled Fiber Trunks. Designed to streamline fiber optic network installations and reduce deployment time, Siemon Bundled Fiber Trunks offer a cost-effective and reliable option for a variety of projects.

Siemon Bundled Fiber Trunks are a game-changer for network installations. By simplifying the process and reducing installation time, we’re empowering our customers to achieve their project goals more efficiently and effectively.

Siemon Bundled Fiber Trunks combine high-performance fiber cables into a single, easy-to-manage bundle, optimizing pathway fill and significantly accelerating installation. With up to a 50% faster deployment rate, this innovative solution helps businesses and organizations reduce project costs and time-to-market.

“Siemon Bundled Fiber Trunks are a game-changer for network installations,” said Tony Walker, Siemon Fiber Product Marketing Manager. “By simplifying the process and reducing installation time, we’re empowering our customers to achieve their project goals more efficiently and effectively.”

Key features of Siemon Bundled Fiber Trunks include:

Streamlined installation: Reduced pathway fill and faster deploymentExceptional performance: Equivalent to single-jacket fiberDurability: Robust construction for reliable performanceVersatility: Available in a wide range of configurations

For more information about Siemon Bundled Fiber Trunks and other Siemon products, please visit www.siemon.com.

About Siemon

Established in 1903, Siemon is an industry leader specializing in the design and manufacture of high-quality, high-performance IT infrastructure solutions and services for Data Centers, LANs, and Intelligent Buildings. Headquartered in Connecticut, USA, with global sales, technical, and logistics expertise spanning 150 countries, Siemon offers the most comprehensive suites of copper and optical fiber cabling systems, racks, cable management, and Intelligent Infrastructure Management solutions. With more than 400 patents specific to structured cabling, Siemon Labs invests heavily in R&D and the development of Industry Standards, underlining the company’s long-standing commitment to its customers and the industry. Through an ongoing commitment to waste and energy reduction, Siemon’s environmental sustainability benchmarks are unparalleled in the industry.

Contact Information

Brian Baum

brian_baum@siemon.com

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com

View original content:https://www.prweb.com/releases/siemon-introduces-bundled-fiber-trunks-for-faster-more-efficient-network-deployments-302313831.html

SOURCE Siemon

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Oberon Securities Advises Keens Steakhouse in Sale Transaction

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Oberon Securities acted as exclusive advisor to Keens Steakhouse in the sale transaction.

NEW YORK, Nov. 23, 2024 /PRNewswire-PRWeb/ — Oberon Securities, a New York-based middle market investment banking firm, acted as exclusive advisor to Keens Steakhouse in the sale transaction announced yesterday.

With more than 70 senior bankers serving businesses across the country and around the world, Oberon is one of the fastest growing New York City based middle-market investment banking firms. Its clients benefit from the market credibility associated with the firm’s longstanding relationships with many of the nation’s largest and most prestigious institutional investors. Oberon’s approach has generated numerous long-term, multi-transaction client engagements and attracted investment bankers who have spent their careers working with middle-market companies.

Media Contact

Steven Alschuler, Oberon Securities, 1 917-647-2151, steve@alschulerpr.com, https://oberonsecurities.com/

View original content to download multimedia:https://www.prweb.com/releases/oberon-securities-advises-keens-steakhouse-in-sale-transaction-302314708.html

SOURCE Oberon Securities; Oberon Securities

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