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Jaraguá do Sul , Brazil , April 28 , 2021 Шер EARNINGS RELEASE 1Q 2021 Attractive Margins and Return on Invested Capital with signs of global economic activity improvement Highlights AO Net Operating Revenue ( NOR ) was R $ 5,076.9 million in 1Q21 , 36.7 % higher than 1Q20 and 3.8 % higher than 4Q20 ; EBITDA reached R $ 1,016.9 million , 64.2 % higher than 1020 and 3.7 % higher than 4Q20 , while EBITDA margin was 20.0 % , 3.3 p.p. higher than 1020 and 0.1 p.p. lower than the previous quarter ; Return on Invested Capital ( ROIC ) reached 28.2 % in 1021 , up 7.5 p.p. from 1Q20 and up 2.7 p.p. from 4Q20 . Message from the Management This quarter we continued to deliver good performance seen in previous quarters in most of our business areas . The performance in the domestic market was positive , sustaining high levels of revenues in short - cycle equipment , such as in Industrial Electro - Electronic Equipment and Commercial and Appliance Motors areas , motivated by the continued recovery of the economic activity started in the second half of last year . Likewise , long - cycle equipment has also had an important contribution , with significant deliveries made , as a result of contracts obtained in previous quarters , with emphasis on the areas of transmission and distribution ( T & D ) and industrial automation . We continue to see an improvement in demand in the external market , mainly for short - cycle products , showing signs of a broader recovery in the global economy . This movement is reflected in the growth of our business in local currencies when compared to the same period last year . We had important performances in some regions , such as Industrial Electro - Electronic Equipment in China and Commercial and Appliance Motors in the Americas . Revenue growth , improved operating margins , gains in scale , and efficiency in capital allocation are among the main factors that justify the growth of the company's financial indicators . We were capable of making the necessary operational adjustments thanks to our modular production model , along with the health and safety protocols adopted since the first signs of COVID - 19 . These were decisive factors in managing the effects caused by the pandemic so far . This March marked a year of this unique moment in our history , however , we remain confident in our strategy to overcome the challenges presented , aware that this crisis is yet to be overcome . Table 1 - Main Highlights Return on Invested Capital Net Operating Revenue Domestic Market External Markets External Markets in US $ Net Income Net Margin EBITDA EBITDA Margin Earnings per Share ( EPS ) 1Q21 28.2 % 5,076,879 2,343,108 4Q20 2,733,771 498,120 764,258 15.1 % 1,016,852 20.0 % 0.36429 % 25.5 % 2.7 pp 4,889,918 3.8 % 2,247,916 4.2 % 2,642,002 3.5 % 490,086 1.6 % 1Q20 20.7 % 3,714,436 1,692,400 % 7.5 pp 36.7 % 38.4 % 2,022,036 35.2 % 451,759 10.3 % 742,229 15.2 % -0.1 pp 981,015 3.7 % 20.1 % -0.1 pp 0.35383 3.0 % 3.0 % 440,023 73.7 % 11.8 % 619,114 16.7 % 0.20977 3.3 pp 64.2 % 3.3 pp 73.7 % ( 1 ) Earnings before Interest , Taxes , Depreciation and Amortization The following financial and operating data are presented on a consolidated basis , except when otherwise indicated , in thousands of Brazilian Reais ( R $ ) according to accounting practices adopted in Brazil , including Brazilian Corporate Law in convergence with IFRS international norms . Except when otherwise indicated , growth rates and other comparisons are made to the same period of the previous year . IBOVESPA B3 INDXB3 IBRA B3 IBRX100 B3 IBRX50 B3 ISE B3 WEGE B3 LISTED NM IGC - NM B3 IGC B3 IGCT B3 MLCXB3 ITAG B3 MSCI ESG Leaders Indexes Constituent ICO2 B3 2020