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Frasle Mobility reaches record of almost R$4 billion in consolidated net revenue in 2024

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CAXIAS DO SUL, Brazil, March 18, 2025 /PRNewswire/ — A Frasle Mobility registered a new record annual result in 2024 as the consolidated net revenue reached almost R$4 billion. This figure is 17% higher than what was registered in the previous year.

Adjusted EBITDA reached R$729.0 million in the year, up 9.7%, while the adjusted EBITDA margin was 18.4%. Revenue in the foreign market, which includes exports from Brazil with the performance of operations in other countries, totaled R$1.6 billion, an increase of 27% compared to 2023.

Amidst a challenging macroeconomic context, the company sustained positive growth performance across all its operations, in Brazil and worldwide. Advances and leadership in terms of market share were recorded across different product lines, with highlights for segments such as friction, hydraulic components and shock absorbers.

The figures determined in 2024 have not yet been taking into account the synergies from the acquisition of Dacomsa, in Mexico. The historic announcement, made last June, represents Frasle Mobility’s largest acquisition and was finalized in January of this year.

MAIN RESULTS – 4Q24
(Percentages indicate variations with the respective periods of 4Q23 and 2023 – amounts in MM)

Consolidated net revenue:

4Q24: R$1107.8 (+49.4%) | 2024: R$3965.8 (+17.0%)

Net revenue from the domestic market:

4Q24: R$668.6 (+20.4%) | 2024: R$ 2403.6 (+11.5%)

Net revenue from foreign markets:

4Q24: R$439.2 (+136.4%) | 2024: R$ 1562.2 (+26.8%)

Foreign Market Revenue (Exports + operations abroad): 

4Q24: US$75.3 (+103.9%) | 2024: US$289.7 (+17.7%)

Consolidated gross profit:

4Q24: R$394.4 (+94.6%) | 2024: R$ 1330.5 (+16.9%)

Operating Profit:

4Q24: R$ 171.4 (+110.5%) | 2024: R$519.2 (-4.3%)

EBITDA:

4Q24: R$ 220.4 (+94.8%) | 2024: R$677.9 (+1.6%)

Consolidated net profit:

4Q24: R$135.1 (+43.8%) | 2024: R$374.7 (-3.6%)

Adjusted EBITDA: 

4Q24: R$217.0 (+121.6%) | 2024: R$729.0 (+9.7%)

ROIC: 

4Q24: 15.6% (-3.7 pp)

RESULTS VIDEO CONFERENCE
(In Portuguese with simultaneous translation into English)
03/19 – 11am Brazil | 10am New York | 2pm London
Register / Access Video conference: Click here

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

View original content:https://www.prnewswire.com/news-releases/frasle-mobility-reaches-record-of-almost-r4-billion-in-consolidated-net-revenue-in-2024-302405153.html

SOURCE Frasle Mobility

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Hisense Broadband Multimedia Technologies Co., Ltd. (HBMT) forms Ligent Inc. by Consolidating North American and Thailand Operations

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Hisense Broadband Multimedia Technologies Co., Ltd. (HBMT) forms a new entity, Ligent Inc. by Consolidating North American and Thailand Operations to better serve its US and global customers.

SAN JOSE, Calif., March 29, 2025 /PRNewswire-PRWeb/ — Hisense Broadband Multimedia Technologies Co., Ltd. (HBMT), a leading innovator of high-speed optical transceivers, active optical cables, ONTs and Terminal Devices, is pleased to announce the consolidation of its North American business operations to form a new entity, LIGENT Inc. officially registered in Delaware, USA. This strategic move aims to streamline our operations and help to better serve its broad range of customers in North America as well as in Europe.

“The formation of LIGENT enables us to better serve our customers, accelerate our growth and capitalize on major opportunities in this new era of AI and accelerated computing. The consolidation reflects our firm commitment to our customers and our continuous improvement for the future.”

The new independent entity combines the expertise resources of: Hisense Thailand (Manufacturing), Hisense Photonics (R&D and Manufacturing) and Hisense Broadband North America (S&M, R&D, and Quality Service Assurance); creating a focused team that will continue to drive innovation and deliver superior services and values to its customers.

The consolidation has already commenced in the background, with the initial phase successfully completed in April 2024. This strategic initiative is set to continue over the next few quarters, ensuring minimal disruption to its valued customers and partners. During this transition, HBMT remains steadfast in its commitment to delivering exceptional service and support to its customers while driving sustained growth.

“We are thrilled to embark on this important journey,” said Dr. Jin Hong, President & CEO of Ligent Inc., and Executive VP of HBMT & President of its Optical Transceiver Business. “The formation of LIGENT enables us to better serve our customers, accelerate our growth and capitalize on major opportunities in this new era of AI and accelerated computing. The consolidation reflects our firm commitment to our customers and our continuous improvement for the future.”

Media Contact

Media Relations, Ligent, 1 4083530623, mediarelations@ligent.com, www.ligent.com 

View original content:https://www.prweb.com/releases/hisense-broadband-multimedia-technologies-co-ltd-hbmt-forms-ligent-inc-by-consolidating-north-american-and-thailand-operations-302414783.html

SOURCE Ligent

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Think you can do better than your team’s GM? Ultra GM gives you that chance.

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MIAMI, April 1, 2025 /PRNewswire/ — Ultra GM, a new fantasy football platform, launches April 1, 2025. It offers an unmatched level of realism, allowing fans to live the fantasy of being the General Manager (GM) of their favorite football team.

Ultra GM caters to fans seeking a more sophisticated gaming experience. Those who think they can do a better job than their team’s GM. It enables them to demonstrate their football acumen and managerial skills while competing against family and friends, as well as the roster built by their favorite team’s GM. Visit ultragm.com to register today.

“Ultra GM offers football fans an unparalleled level of realism and engagement,” said Evan Goldenberg, Founder & CEO. “Users, which we call UGMs, manage their teams through the draft, free agency, trades and the practice squad, subject to the same contracts and salary cap as real GMs.”

UGMs select one of the 32 pro teams, acquire its roster, and manage all aspects of the franchise, from the college draft and free agency to player signings, cuts, and trades. The platform mirrors a GM’s responsibilities, offering a realistic experience for fans.

Realistic Gameplay: Ultra GM mimics pro football rules, the salary cap, free agency and the draft.Dual League Competition: UGMs compete in two leagues: a 32-team league mirroring pro-football and a 14-team league where they compete against UGMs of the same team to see who manages it the best.Unique Scoring System: Points are based on the players’ on-field play and are awarded for all positions. Scoring is designed to reflect the true value of each position and football action.Dynasty Format: UGMs can build their team over the course of multiple seasons.

Ready to prove your GM skills? The college draft and free agency are just around the corner, along with your chance to prove you are a better GM than your friends . . . and the guy running your favorite team. Sign up now at ultragm.com.

Facebook: @Ultra GM
Instagram: @ultragm_nfl
X: @UltraGM_NFL
YouTube: @UltraGM-NFL
TikTok: @ultragm_nfl

Media Contacts:
Evan Goldenberg: 786-642-0030
Rachel Domark: 305-299-3050

Ultra GM is a Miami-based company offering football fans the chance to be the GM of their favorite team.  It provides fans a level of realism, sophistication and engagement never before offered in fantasy football.

View original content to download multimedia:https://www.prnewswire.com/news-releases/think-you-can-do-better-than-your-teams-gm-ultra-gm-gives-you-that-chance-302414512.html

SOURCE Ultra GM

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How Medical Malpractice Cases Work in Florida: What Victims Need to Know

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MIAMI, March 29, 2025 /PRNewswire/ — The Law Offices of Jason Turchin, a national personal injury firm, is educating Florida residents on how medical malpractice cases work in the state. Victims of negligent medical care may be entitled to compensation, but Florida has strict laws that can make these cases complex.

“Medical malpractice cases in Florida often require experience and a deep understanding of the law,” says Jason Turchin, Esq., a personal injury attorney who has handled numerous malpractice claims. “Victims generally deserve answers and justice when medical care goes wrong.”

What Is Medical Malpractice in Florida?

Medical malpractice occurs when a healthcare provider fails to meet the standard of care, resulting in injury or death. This may include:

Surgical errors

Misdiagnosis or delayed diagnosis

Medication mistakes

Birth injuries

Anesthesia complications

Floridas Pre-Suit Requirements

Florida law generally requires a specific pre-suit process before a medical malpractice lawsuit can be filed:

Notice of Intent – The victim must notify the healthcare provider of the intent to sue.

Expert Affidavit – A qualified medical expert must confirm that malpractice likely occurred.

90-Day Investigation Period – The provider has 90 days to respond, during which settlement negotiations may take place.

Time Limits to File a Claim

Florida has a two-year statute of limitations, meaning victims generally have two years from the date they knew or should have known about the malpractice. There are some exceptions, such as fraud or cases involving minors.

Potential Compensation

Medical malpractice victims may be entitled to compensation for:

Medical bills

Lost wages

Pain and suffering

Disability or disfigurement

Wrongful death (for surviving family members)

Call the Law Offices of Jason Turchin

If you or a loved one suffered due to possible medical malpractice in Florida, contact the Law Offices of Jason Turchin for a free consultation at (800) 337-7755 or visit www.jasonturchin.com.

About the Law Offices of Jason Turchin

The firm represents victims of personal injury and wrongful death throughout Florida and the U.S. Jason Turchin, Esq. has been featured in CBS Evening News, Forbes, and Rolling Stone for his work in consumer and injury law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/how-medical-malpractice-cases-work-in-florida-what-victims-need-to-know-302413442.html

SOURCE Law Offices of Jason Turchin

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