WEG continues to spray financial results. In 2019, the company from Jaraguá do Sul, has a unit in Blumenau, registered revenue net R$ 13.34 billion, up 11.5% compared to the previous year.
Sales rose both domestically (9.5%, to R$ 5.56 billion) and abroad (13%, to R$ 7.78 billion). Net profit increased by 20.6%, from R$ 1.33 billion to R$ 1.61 billion.
In another year of acquisitions — NPS, Geremia Redutores, PPI-Multitask and V2COM —, the company credited, in the financial statements presented this Wednesday (19).
Thus, the good performance in the domestic market is due to the “good demand for short-cycle equipment, such as electric motors, serial automation equipment and mainly distributed solar generation systems”.
WEG also reported an increase in orders from specific industrial segments, such as mining, oil and gas, water and sanitation and pulp and paper.
Abroad, which accounted for 58.3% of total net revenue, growth, the company said, had a “relevant contribution from the advances in the business of long-cycle products”, in particular operations in North America.
Throughout 2019, WEG also invested around R$ 340 million in research, development and innovation, focusing on new products and the improvement of industrial processes.
For 2020, WEG says it expects another year of growth, “although projections point to stability in the level of global growth in the main economies”.
The company also adds that the continuity of the expansion scenario will depend on the levels of inflation and interest rates in the main economies
However, in addition to the improvement in the business environment, mainly between the United States, Europe and China.
And that it will continue to expand its presence in new markets and expand its product line, on a budget.
In short, it has investments of around R$ 700 million in fixed and intangible assets.
