Brazilian market led Marcopolo’s growth in 2019

News stories are free to read. Click here for full access to all the features, articles and archive from only £8.99.

South American manufacturer Marcopolo ended 2019 with a growth of 2.8% in relation to the previous year, it has announced, recording a net revenue of BRL4.314 billion, up from BRL4.197 billion in 2018.

Over the year, Marcopolo’s global production totalled 15,741 units, 2.2% less than the 16,103 manufactured in 2018. Of this total, 13,330 units were produced in Brazil and the remaining 2,411 units abroad. According to José Antonio Valiati, CFO and Investor Relations Director, despite the improving performance, 2019 was marked by unstable demand.

“The supply to customers in the Brazilian market grew 2.9%, but did not compensate in volume for the 24.1% drop registered in exports. In the country, the volume recovery process was slowed by the lower demand for road buses with higher added value and fewer deliveries to the federal school transport programme.. In exports, there was a 25.4% drop in business and demand was affected by crises in the main South American markets and lower volumes sold to the African continent.”

In Brazil, Marcopolo maintained its market leadership, ending the year with a 49.8% share. In operations abroad, Marcopolo achieved growth in both revenue and production volume. Marcopolo México, Superpolo (Colombia) and Volgren (Australia) were positive highlights, with increasing results. While the first two increased production and results compared to 2018, the Australian operation, despite decreasing volumes, managed to reverse the losses of the previous year.