Brazil’s lubricant producer and distributor Moove is set to continue to expand, adding to several years of robust growth.The unit of Cosan Group has seen sales rise every year since at least 2017. That growth is expected to continue over the coming year, after sales rose another 17pc in the first three months of the year. Its first-quarter profit margin fell from year-earlier levels. But it rose from the fourth quarter..“It’s no secret that we want to increase Moove’s international share to grow in the Americas, in North America and in Europe,” Cosan Group Chief Executive Officer Luis Henrique Guimaraes said in an earnings call. “We just need to match that with a market opportunity.”Cosan Group also continues to plan to list Moove at some time in the future.“Moove we’re expanding internationally, that needs to become more mature,” said Investor Relations Manager Ana Luisa Perina during the earnings call..Brazil’s Moove sees Q1 lube profit fall
Brazil’s lubricant producer and distributor Moove is set to continue to expand, adding to several years of robust growth.The unit of Cosan Group has seen sales rise every year since at least 2017. That growth is expected to continue over the coming year, after sales rose another 17pc in the first three months of the year. Its first-quarter profit margin fell from year-earlier levels. But it rose from the fourth quarter..“It’s no secret that we want to increase Moove’s international share to grow in the Americas, in North America and in Europe,” Cosan Group Chief Executive Officer Luis Henrique Guimaraes said in an earnings call. “We just need to match that with a market opportunity.”Cosan Group also continues to plan to list Moove at some time in the future.“Moove we’re expanding internationally, that needs to become more mature,” said Investor Relations Manager Ana Luisa Perina during the earnings call..Brazil’s Moove sees Q1 lube profit fall
