Metalfrio Solutions S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
March 12, 2019
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Metalfrio Solutions S.A. Announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was BRL 323.2 million compared to BRL 258.5 million a year ago. Net income was BRL 16.6 million compared to net loss of BRL 21 million a year ago. For the full year, sales was BRL 1,196.9 million compared to BRL 985.7 million a year ago. Net loss was BRL 5.4 million compared to BRL 19.9 million a year ago.
Metalfrio Solutions SA is a Brazil-based company involved in the production of plug-in commercial refrigerators and freezers. The Company's activities are divided into two business segments: Products and Services. The Products division is responsible for the manufacture and sale of domestic and commercial refrigerators and freezers. The Services division focuses on the maintenance and technical assistance for the products, sale of spare parts to authorized dealers and product customers, as well as logistics services. The Company distributes products under a number of brand names, such as Metalfrio, Derby, Caravell and Klimasan. It operates production plants in Europe and the Americas. The Company's subsidiaries include Metalfrio Solutions Sogutma Sanayi ve Ticaret Anonim Sirket, Metalfrio Solutions Inc, Begur Transportes Rodoviarios, Logistica e Servicos Ltda and Metalfrio Solutions Mexico SA de CV.
METALFRIO SOLUTIONS S.A. 
