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Peruvian Ferreycorp recorded 8% year-on-year growth in sales during 2024
Thursday, February 13, 2025 - 13:30
Fuente: Ferreycorp

Sales of spare parts and services amounted to S/ 4,247 million (US$ 1,140 million), 11% higher than in 2023.

Ferreycorp, the Peruvian capital goods supply corporation, and its companies reached a historic sales record of US$ 2,014 million in 2024, with an 8% growth compared to the previous year, driven mainly by the attention to the various productive sectors in Peru, especially from the flagship company Ferreyros.

Among the lines with the greatest contribution to sales, the provision of spare parts and services stood out, with the relevant contribution of large-scale mining; the Caterpillar equipment lines for various sectors; the alternative of renting and selling used units; and other businesses, such as the development of logistics services and the provision of consumables.

Sales of spare parts and services amounted to S/ 4,247 million (US$ 1,140 million), 11% higher than in 2023, reflecting customer demand to boost the operability of their fleets and the appreciation of the after-sales support of Ferreycorp companies, with a fleet of more than 36,000 Caterpillar machines and engines, in addition to thousands of equipment from allied brands.

In another area, it is worth noting that Ferreycorp and its companies recorded a net profit of S/ 489 million (US$ 131 million), marking a growth of 13% compared to 2023. Excluding the exchange rate effect, the increase in net profit amounted to 16%.

In the year, EBITDA stood at S/ 1,131 million (US$ 303 million), 19% higher than in 2023, and achieved a growth of 13% without considering the exchange rate effect on gross profit.

Likewise, the accumulated EBITDA margin was 14.9%, higher than the 13.6% recorded in 2023. Without the impact of the exchange rate, it was 14.8%, versus 14.2% in 2023.

Likewise, in 2024, the importance of open-pit and underground mining was highlighted, which represented 58% of Ferreycorp's total sales; construction, 22%; industry, commerce and services, 9%; agriculture, fishing and marine, which account for 4%; among others.

On the other hand, sales of the Caterpillar brand, represented by Ferreycorp in Peru, Guatemala, El Salvador and Belize, accounted for 77% of the total revenue of the corporation and its companies in 2024. This percentage includes the sale and rental of machinery and engines, as well as the provision of spare parts and services.

Autores

AméricaEconomía.com