WEG – Earning Release 3Q 2024

October 30, 2024
WEG

Continued revenue growth with consistent operating margins and ROIC

 

 

Highlights

  • Net Operating Revenue (NOR) was R$ 9,856.9 million in 3Q24, 22.1% higher than 3Q23 and 6.3% higher than 2Q24.
  • EBITDA(1) reached R$ 2,224.6 million, 27.9% higher than 3Q23 and 4.9 higher than 2Q24, while EBITDA margin was 22.6%, 110 bps higher than 3Q23 and 30 bps lower than the previous quarter.
  • Return on Invested Capital (ROIC) reached 37.1% in 3Q24, up 170 bps from 3Q23 and down 30 bps from 2Q24.

 

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