Fras-le S.A. ('Company)'), as provided for by Law 6.404, of December 15, 1976, and CVM Instruction no. 358, of January 3, 2002, discloses its business projection, to be followed up throughout 2019 ('Guidance').
GUIDANCE 2019
Total Gross Revenue¹ - R$ 2.0 billion;
Consolidated Net Revenue - R$ R$ 1.4 billion;
Revenues from abroad² - US$ 215 million;
Imports - US$ 16 million;
Investments - R$ 76 million.
¹(Without exclusions intercompany) ²(Exports out of Brazil + Operations abroad)
The indicators above have been validated in the strategic planning process of the Company, backed by the evaluation of the macroeconomic scenario of Brazil and by that of those countries with which the Company has commercial relations, as well as by sector indicators, indicators of the automotive industry, and market behavior in its business segments.
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Fras-le SA published this content on 20 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 February 2019 13:23:09 UTC
Fras Le SA is a Brazil-based company principally engaged in the manufacture of friction materials. The Company focuses on the design, production, commercialization, export and import of friction materials for motor vehicle brake systems. The Company's product line includes clutch facings, brake linings, brake shoes and brake pads for trucks, buses, cars, tractors, subways, lifts and aircrafts, among others. The Company's brand portfolio includes Fras-le and Lonaflex. Its activities are divided into two business segments: Automakers, which offers products for the automotive market, and Replacement, which provides friction materials for the spare parts market. The Company operates through a number of subsidiaries in the Americas, Europe, Asia and South Africa. The Company is controlled by Randon SA Implementos e Participacoes.