WEG – Earning Release 3Q 2023

October 25, 2023
WEG

Positive performance of operating margins and return on invested capital

 

Highlights

  • Net Operating Revenue (NOR) was R$ 8,074.8 million in 3Q23, 2.1% higher than 3Q22 and 1.2% lower than 2Q23.
  • EBITDA(1) reached R$ 1,738.8 million, 10.9% higher than 3Q22 and 5.1% lower than 2Q23, while EBITDA margin was 21.5%, 170 bps higher than 3Q22 and 90 bps lower than the previous quarter.
  • Return on Invested Capital (ROIC(2) ) reached 35.4% in 3Q23, up 750 bps from 3Q22 and an increase of 100 bps from 2Q23.

 

Message from the Management 

The results for the third quarter of 2023 showed positive performance in operating margins and return on invested capital. 

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