The continuity of the global economic recovery contributed to our revenue growth this quarter. In addition to the demand increase for industrial equipment in several regions, we kept our good performance in providing solutions linked to renewable energy generation.

In the domestic market, the Energy Generation, Transmission and Distribution (GTD) area stood out compared to the same period of the previous year, mainly influenced by the wind and solar generation businesses. Our Commercial and Appliance Motors area showed business-level accommodation after the high demand observed in recent quarters.

In the foreign market, we recorded another positive performance in the Industrial Electro-Electronic Equipment area, driven by the continuous demand from equipment manufacturers (OEMs) from different market segments.

Our GTD and Commercial and Appliance Motors businesses also performed well, with sales growth and market share gains.

Global supply chain challenges and consequent pressure on the cost of goods sold, together with the change in our product mix, continued to pressure the company's operating margins. Despite this context, our businessmodel based on vertical integration and financial flexibility allowed us to provide greater product availability and seize sales growth opportunities with market share gain in the main regions where we operate.


  • Net Operating Revenue (NOR) was R$ 6,540.0 million in 4Q21, 33.7% higher than 4Q20 and 5.5% higher than 3Q21.
  • EBITDA(1) reached R$ 1,124.9 million, 14.7% higher than 4Q20 and 1.7% lower than 3Q21, while EBITDA margin was 17.2%, 2.9 p.p. lower than 4Q20, and 1.3 p.p. lower than the previous quarter.
  • Return on Invested Capital (ROIC(2)) reached 30.5% in 4Q21, up 5.0 p.p. from 4Q20 and down 0.8 p.p. from 3Q21.

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