Marcopolo provides 12% drop in profit last year

Marcopolo was 12.1% drop in net profits from 2012, to $ 302,4 million, in a year hit by low growth of country's economy and marked by change in pollutant emissions scheme which required cleaner engines and more expensive.
The Ebitda (earnings before interest, taxes, depreciation and amortization) totaled r $ 439,8 million, a fall of 5.2% compared with the previous year. The manufacturer has closed the year with an Ebitda margin of 11.5%, reduction of 2.3 percentage points. The net operating revenue grew by 13.3%, to $ 3.8 billion. Abroad, this result had 50.3% jump, to $ 1.37 billion, while in Brazil the Marcopolo's revenue fell 0.4% to r $ 2.4 billion.
Marcopolo 31.3 thousand units produced last year compared with 31.5 million in 2011.
The company's production in Brazil totaled 19.5 thousand bodies, while in India were produced 7.7 thousand of 11.8 thousand units manufactured out of the Brazilian market.
"The year of 2013 starts with a positive bias for Marcopolo both on the domestic market in Brazil, as in most of the countries where it operates," said manufacturer, citing factors such as better credit conditions and higher bus fleet renewal.