Wilson Sons cashes $115 million in Q1 2023

thumbnail_Foto Tecon Rio Grande da Wilson Sons release 1T23

Brazilian port and maritime logistics company, Wilson Sons, posted a net revenue of R$570 million ($115.6 million) in the first quarter of 2023.

This reflects a 7.8 per cent increase from the R$529 million ($107.3 million) recorded in the same period in 2022.  

EBITDA (earnings before interest, taxes, depreciation, and amortisation) totaled R$239.5 million ($48.5 million), in line with the first quarter of last year, which was also at R$239 million ($48.4 million), due to strong exchange rate gains of R$21.2 million ($4.3 million) in equity accounting in Q1 2022 against R$2.8 million ($567,870) in Q1 2023.

READ: Ports of Rotterdam, Pecém ink Brazilian-Dutch cooperation

Earlier this year, Wilson Sons selected ABB’s Optical Character Recognition (OCR) system and QuayPro module to be employed at the Rio Grande container terminal.

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