Fast Take Tupy SA Headline 2Q24 Sales -5% YoY (-5% vs UBSe), adj EBITDA +14% vs UBSe, mg at 14% (+3pp YoY), NI -67% vs UBSe Our Take Revenue continues to be impacted by lower volumes (mainly off-road abroad) while the company showed good cost control resulting in the EBITDA beat and margin expansion. The net income miss is explained by FX hedge mark to market expenses ab 13 August 2024 Global Research and Evidence Lab Equities Americas Auto Parts 12-month rating Neutral 12m price target R$25.50 Price (13 Au ...