WEG continues to deliver impressive financial results. In 2019, the Jaraguá do Sul-based company, which has a unit in Blumenau, reported revenue net R$ 13.34 billion, up 11.5% compared to the previous year.
Sales rose both in the domestic market (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 yet another year of acquisitions — NPS, Geremia Redutores, PPI-Multitask and V2COM —, the company credited, in the financial statements presented this Wednesday (19).
Therefore, the good performance in the domestic market is due to “good demand for short-cycle equipment, such as electric motors, serial automation equipment and especially 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 represented 58.3% of total net revenue, the growth, the company reported, had a “relevant contribution from advances in the long-cycle product business”, especially operations in North America.
Throughout 2019, WEG also invested approximately R$340 million in research, development and innovation, focusing on new products and improving industrial processes.
For 2020, WEG says it expects another year of growth, “although projections indicate 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 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 it will continue to expand its presence in new markets and expand its product line, with budget.
In short, there are investments of around R$700 million in fixed and intangible assets.