We report another quarter of good performance in our businesses, marked by continued good demand in the domestic market and by accelerated industrial activity in the main countries where we operate in the external market.
In Brazil, we observed solid demand after the consistent recovery in recent quarters. We highlight the short-cycle businesses growth in areas such as Commercial and Appliance Motors, Industrial Electro-Electronic Equipment, and in particular, the distributed solar generation (GD) business. The maintenance of the long-cycle business, mainly in the GTD area, also made an essential contribution to this result, especially the return of wind generation projects revenue.
In the external market, the recovery of global industrial activity confirmed the signs of improvement reported in the last quarter. We posted significant growth in revenue in the main markets in which we operate, especially in mining, oil & gas, and water & wastewater segments. In addition to the Industrial Electro-Electronic Equipment businesses, we also highlight the good performance of the Commercial and Appliance Motors and Power Transmission and Distribution (T&D) areas, with sales growth and increased share in important markets.
It is worth noting that in this quarter, we recorded tax credits referring to the exclusion of ICMS from the PIS and COFINS calculation basis, according to the material fact disclosed on June 22, 2021. The EBITDA and net income were positively impacted by R$ 300.4 million and R$ 282.8 million, respectively.
We remain confident in our strategy to overcome this challenging period, working to protect and promote the health and safety of all employees and minimize, as much as possible, impacts on our operations.
- Net Operating Revenue (NOR) was R$ 5,748.2 million in 2Q21, 41.4% higher than 2Q20, and 13.2% higher than 1Q21;
- EBITDA(1) reached R$ 1,392.7 million, 90.2% higher than 2Q20 and 37.0% higher than 1Q21, while EBITDA margin was 24.2%, 6.2 p.p. higher than 2Q20, and 4.2 p.p. higher than the previous quarter;
- Return on Invested Capital (ROIC) reached 32.2% in 2Q21, up 10.6 p.p. from 2Q20 and up 4.0 p.p. from 1Q21.
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