Other News > WEG – Earning Release 2Q 2024

WEG – Earning Release 2Q 2024

July 31, 2024
WEG

Continued revenue growth and operating margin

 

 

Highlights 

  • Net Operating Revenue (NOR) was R$ 9,274.4 million in 2Q24, 13.5% higher than 2Q23 and 15.4% higher than 1Q24.
  • EBITDA(1) reached R$ 2,120.8 million, 15.7% higher than 2Q23 and 19.8 higher than 1Q24, while EBITDA margin was 22.9%, 50 bps higher than 2Q23 and 90 bps higher than the previous quarter.
  • Return on Invested Capital (ROIC) reached 37.4% in 2Q24, up 300 bps from 2Q23 and down 150 bps from 1Q24.

 

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