Metalfrio Solutions S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 23, 2020
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Metalfrio Solutions S.A. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was BRL 333.1 million compared to BRL 426.5 million a year ago. Net loss was BRL 12.6 million compared to net income of BRL 16.7 million a year ago. For the half year, sales was BRL 717.7 million compared to BRL 796.2 million a year ago. Net loss was BRL 120 million compared to net income of BRL 34 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. 
